‘Himalya Real Estate’ not passed ITC benefit to 189 homebuyers: NAA

Rahul Gautam Vs Himalya Real Estate Pvt. Ltd. (NAA) The Authority finds that, the DGAP has given a categorical report based on its verification that, the benefit of ITC has been passed on by the Respondent to all 189 homebuyers/customers who have booked their units on or after 1.07.2017 by way of giving deduction in the demand note itselfas per the example reproduced above. The findings at para 10 and 11 of the DGAP’s Report dated 30.11.2020 are reproduced at paragraphs 5(i), 5(j) and 5(k) above and the DGAP states that it has scrutinized the demand notes and allotment letters issued to ...