Delhi HC stays NAA order against a builder subject to 10% pre-deposit, issues notice

Delhi HC stays order of NAA upholding Rs. 9.96 crores profiteering allegation against a builder engaged in construction of affordable housing and commercial shops subject to the deposit of 10% of profiteering amount; Assessee has submitted that it has already reversed unutilized ITC of Rs. 7 crores and the supporting documents substantiating the said claim was duly submitted before NAA; Assessee has further argued that unutilized ITC cannot be considered as a benefit; Assesse...