Developers could also move court against the amendment, experts added.
In a case involving one Safari Retreats, the Supreme Court earlier allowed ITC claims on construction costs for rental properties. However, at the 55th meeting at Jaisalmer, the Council decided to retrospectively amend the Act, reversing the ruling that allowed ITC.
This story is from the December 24, 2024 edition of Financial Express Hyderabad.
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This story is from the December 24, 2024 edition of Financial Express Hyderabad.
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emissary he had deployed. Although sceptical, I bounded off to North Block and was ushered in. It was my first official meeting with the FM. I conveyed the request, not a direction, of the prime minister. Dr Singh was puzzled — I could see that on his face — by the message or, perhaps, the messenger. He listened politely and told me that the second step had already been taken within minutes of the markets opening at 10 am.
