News & Media 24th Jan 2020

Anti-Profiteering Whip To The Real Estate Sector

Authors

Harsh Shah Partner | Mumbai

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While various industry sectors have come in the purview of anti-profiteering investigations, the real estate sector seems to be one of the most hard-hit sectors on this front. The increasing number of investigations on passing the benefit of tax credit by a developer to a customer and several differences of opinion between the developers and the National Anti-Profiteering Authority (‘NAA’) (in regards to the manner of computation of profiteering) is a testimony to this growing disconnect between the real estate industry and the NAA.

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