2026 (2) TMI 1068

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....ed by Shri Ravi Passi, Inspector appeared on behalf of the DGAP. Counsel for Respondent: Shri Shashank Thakkar and Ashish Gupta, Shri Ashish Chaudhary, Learned Advocate ORDER 1. The present proceedings arise out of the Investigation Report dated 26.03.2025 (hereinafter referred to as the "DGAP Report") submitted by the Director General of Anti-Profiteering (DGAP) under Section 171 of the ....

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.... Anti-Profiteering Authority (NAA) vide Order No. 65/2020 dated 16.10.2020 determined the profiteered amount 6,24,48,008/- in respect of Project "Aangan Phase-I". 3. Subsequently, in Writ Petition No. 7743/2019 and connected matters, the Hon'ble High Court of Delhi, vide judgment dated 29.01.2024, held that the methodology adopted in real estate anti-profiteering matters required reconsideratio....

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...., the total profiteered amount was quantified at Rs. 47,71,823/- (Rupees Forty-Seven Lakh Seventy-One Thousand Eight Hundred Twenty-Three only). 7. Notice was issued to the Respondent to show cause as to why the DGAP Report should not be accepted. The Authorised Representative of the Respondent appeared and unequivocally accepted the findings of the DGAP and expressed willingness to pass on the....

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....additional ITC benefit of 0.92% during the post-GST period and failed to pass on the same to the homebuyers, thereby contravening the provisions of Section 171(1) of the CGST Act, 2017. 11. However, insofar as penalty under Section 171(3A) of the CGST Act is concerned, the said provision came into force w.e.f. 01.01.2020, whereas the period of contravention in the present case is from 01.07.201....