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ITC availed of by the petitioner in respect of the Commercial Project could not form the basis of the alleged profiteering and demand.

Input Tax Credit — In respect of the Commercial Project, the authority itself directed further investigation to be undertaken by the Director General and, therefore, the ITC availed of by the petitioner in respect of the Commercial Project could not form the basis of the alleged profiteering and demand. The petitioner was directed to deposit Rs. 65 lakhs as an interim measure within three months in three equated installments. Interim protection granted. — Friends Land Developers Vs. Union of India & Ors. [2020] 21 TAXLOK.COM 017 (Delhi)