Case Law Details
Director General of Anti-Profiteering Vs Pearlite Real Properties Pvt. Ltd (Competition Commission of India)
Introduction: The Competition Commission of India (CCI) recently reviewed a report pertaining to Pearlite Real Properties Pvt. Ltd.’s profiteering allegations. The outcome has vital implications for both the real estate sector and tax regulation in India.
Background of the Case: Pearlite Real Properties Pvt. Ltd., involved in executing the “Godrej 24” project, was previously investigated by the Director General of Anti-Profiteering (DGAP). The DGAP’s initial report had accused the company of profiteering an amount of Rs. 6,89,62,698. This led to the National Anti-profiteering Authority’s (NAA) directive to pass on the benefit to the home-buyers.
DGAP’s Investigation and Findings: Upon further instructions by the NAA, the DGAP widened the investigation to check any profiteering in other projects by Pearlite:
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