Case Law Details
Rishabh Jain Vs Assotech Ltd. (NAA)
NAA held that DGAP Report dated 29.06.2020 cannot be accepted and the DGAP is directed to further investigate the matter as per the provisions of Rule 133 (4) of the above Rules on the following issues and furnish his fresh Report in terms of Rule 129 (6):-
(i) On which date the Respondent has passed on the benefit of ITC to the flat buyers? A receipt be obtained from each flat buyer who has been claimed to have been passed on the benefit of ITC by the Respondent and furnished with the Report.
(ii) Whether the Respondent has paid interest @18% to the flat buyers from the date from which he has received the excess amount till the date of passing on the benefit of ITC and what was the amount thereof in respect of each buyer?
(iii) In case the Respondent has not paid the interest then what is the amount due to each flat buyer?
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