The National Anti-Profiteering Authority (NAA) imposed the penalty on M/s Elegant Properties for denying the benefit of Input Tax Credit (ITC) to buyers of flats. The Applicant, Kamal Nayan Singhania alleged profiteering by the Respondent, M/s Elegant Properties in respect of the purchase of a flat in the project “Elegant Berkeley” situated at, Bangalore North. […]
from Taxscan | Simplifying Tax Laws https://ift.tt/2Ze0k2D
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