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 Mumbai.
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This story is from the December 24, 2024 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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