Competition
Act : Exemption from the applicability of Competition Act granted by
the Central Govt. u/s 54(a) of the Act cannot be denied to appellants on
the ground that market purchases of Equity shares of
SHRIL(Sterling
Holiday) by Thomas Cook's subsidiary TCISIL were intrinsically connected
with other transactions. The Commission (CCI) failed to take cognizance
of the fact that the implementation of a two-stage scheme for
demerger/amalgamation of SHRIL with Thomas Cook was not dependent on
market purchase of equity shares of SHRIL by TCISIL
[2015] 61 taxmann.com 61 (CAT)
COMPETITION APPELLATE TRIBUNAL
Thomas Cook (India) Ltd.
v.
Competition Commission of India, New Delhi
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