MoU between Competition Commission of India (CCI) and Administrative Council for Economic Defense of Brazil (CADE)

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi today has approved the Memorandum of Understanding (MOU) between Competition Commission of India (CCI) and Administrative Council for Economic Defense of Brazil (CADE).

Section 18 of the Competition Act, 2002 permits CCI to enter into any Memorandum or arrangement with any agency of any foreign country for the purpose of discharging its duties or performing its functions under the Act.

Accordingly, CCI has entered into the following six MoUs:

1. Federal Trade Commission (FTC) and Department of Justice (DOJ), USA
2. Director General Competition, European Union
3. Federal Antimonopoly Service, Russia
4. Australian Competition and Consumer Commission and
5. Competition Bureau, Canada and
6. BRICS Competition Authorities.

The present proposal relates to signing of a similar MOU between CCI and CADE.

• Non- payment of cost imposed can’t trigger automatic confirmation of an invalid exparte assessment.
• Non-deduction of TDS does not make transaction as unexplained in the hands of deductee – ITAT
• Last date to submit MEF 2026-27 extended to 09.09.2026
• Validity of demand u/s 156 for default u/s 115-O, if assessment order u/s 143(3) has Nil demand
• Issue already examined and adjudicated by CIT(Appeals), can’t be reopened on same set of facts