How a builder escaped penalty despite found guilty of profiteering

In a first of its kind order, the National Anti-profiteering Authority (NAA) has given a reprieve to a real estate company despite the company not passing on the benefits of input tax credit to homebuyers.  The Director General of Anti-profiteering (DGAP), the investigation arm of the NAA, found Eldeco Infrastructure & Properties to have indulged in profiteering by not passing on the bene…