NAA: Investigation once commenced cannot be stopped/withdrawn, holds builder guilty of profiteering on flat sale

NAA confirms profiteering allegations against Radicon Infrastructure & Housing Pvt Ltd (‘Respondent’) for denial of benefit of ITC to the flat buyers of his project ‘Vedantam’; Holds the Respondent liable for imposition of penalty u/s 171(3A) of the CGST Act read with Rule 133(3)(d) of CGST Rules, partially withdraws SCN issued to it; Rejects revised computations and re-calibrated prices arrived at by the Respondent, calculating ratio of CENVAT to taxable turnover...