Lucknow Development Authority guilty of Profiteering: NAA

Sh. Ajay Saini Vs Lucknow Development Authority (NAA) Briefly stated, the Applicant had alleged that Lucknow Development Authority had not passed on the benefit of ITC to him by way of commensurate reduction in the price on purchase of a Flat No. F-3/401 in the Respondent’s project ‘Kritika & Swati Apartment’ situated at Chak, Gajaria, Lucknow on introduction of GST w.e.f. 01.07.2017, in terms of Section 171 of the CGST Act, 2017. NAA has carefully considered the Reports filed by the DGAP, all the submissions and the documents placed on record, and the contentions raised...