NAA: Mahindra Lifespaces profiteered in Chennai project

National Anti-profiteering Authority (NAA) has upheld profiteering allegation against Mahindra Lifespaces for its Chennai-based Avadi project. The allegation is that developer did not pass on the ITC (Input Tax Credit) benefit to its flat buyers in the said project and profiteered an amount of approximately ₹2.87 crore. This matter was re-investigated by Director General of Anti Profiteering (DGAP…