Vivek Kumar Vs Bhartiya Urban Pvt. Ltd
Date: September 13, 2023
Subject Matter
Bhartiya Urban Pvt. Ltd not guilty of profiteering due to the lack of significant ITC increase and the tax rate actually going up
Summary
The case of Vivek Kumar Vs Bhartiya Urban Pvt. Ltd. involves an investigation by the National Anti-Profiteering Authority (NAA) into alleged profiteering by a real estate developer, Bhartiya Urban Pvt. Ltd., in their project "Nikoo Homes-I"…
FULL TEXT OF THE ORDER OF COMPETITION COMMISSION OF INDIA The National Anti-Profiteering Authority (NAA) vide Interim Order No. 12/2019 dated 15.10.2019 in this matter had passed the following order:- “14. The Authority accordingly directs the DGAP under Rule 133(4) to further investigate the matter by taking into consideration the fact that the Occupancy Certificates for all the 2415 units…