HC: Directs 50% deposit of profiteered amount in Real-estate developer's challenge to NAA-order

Mar 05,2020

Delhi HC directs petitioner (real-estate developer) to deposit 50% of the principal profiteered amount in 2 equal monthly instalments pursuant to Petitioner's stay request; Allows Petitioner to withdraw grounds on challenge to the Constitutional validity of Section 171 of CGST Act r/w Rule 126 of CGST Rules and ground seeking declaration of Rule 133(3)(b) to be ultra vires Section 171 in so far as it orders payment of interest @18% p.a....


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