Developer Profiteering Confirmed: Failed to Transfer Input Tax Credit Benefits to Flat Buyer, Violating Pricing Obligations.
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....Profiteering - purchase of Flat in the Respondent’s project - allegation that the Respondent had not passed on the benefit of Input Tax Credit (ITC) to him by way of commensurate reduction in the price - It is established that, respondent has profiteered - NAPA....
TaxTMI