TaxTMI 
TaxTMI 
2025 (1) TMI 776
X X X X Extracts X X X X
X X X X Extracts X X X X
....s) No. 1,2: Mr Anand Nainawati (5970). For the Respondent(s) No. 5,6,7: DS Aff. Not Filed (N). For the Respondent(s) No. 1,2,3,4,6: Mr Chirayu A Mehta (3256). For the Respondent(s) No. 5: Notice Served. For the Respondent(s) No. 7: Notice Unserved. ORAL ORDER (PER : HONOURABLE MR. JUSTICE BHARGAV D. KARIA) 1. Heard learned Senior Advocate Mr. Mihir Joshi with learned advocate Ms. Khy....
X X X X Extracts X X X X
X X X X Extracts X X X X
....dia through its Secretary and others" and other allied matters rendered in WP (C) No. 7743 of 2019 and other similar matters on 29.01.2024. 3. It was further submitted that the Hon'ble Delhi High Court in the said Judgment and Order has held that the methodology adopted by National Anti-Profiteering Authority (NAA) which is now Competition Commission of India and Director General of Anti Profitee....
X X X X Extracts X X X X
X X X X Extracts X X X X
....titions may also be remanded back to the Competition Commission of India for adjudication in accordance with law. 6. The Hon'ble Delhi High Court in the case of "Reckitt Benckiser India Pvt. Ltd." (supra) has held in Para-129 which reads as under :- "129. However, this Court finds that the methodology adopted by NAA and DGAP to arrive at the profiteering amount of the real estate industry was g....
X X X X Extracts X X X X
X X X X Extracts X X X X
....iform throughout the life cycle of the project, the accrual of Input Tax Credit is not related to the amount collected from the buyers. This Court is in agreement with learned counsel of the petitioners that one needs to calculate the total savings on account of introduction of Goods and Services and Tax for each project and then divide the same by total area to arrive at the per square feet benef....