Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real estate companies. This amendment overturns a Supreme Court judgment favoring ITC on leased buildings. Experts suggest investors’ confidence may be affected and legal challenges are expected from taxpayers.
Related Posts
Bloodbath on D-street: Investors lose Rs 13 lakh cr in 2 days; why market is falling
The Indian stock market experienced a significant drop for the second consecutive day, with the Sensex plummeting over 984 points, marking its lowest point in […]
Luigi and the Gray Tribe: The peculiar worldview of America’s latest heartthrob
The gray tribe is an intellectual rabbit hole so deep that even Nietzsche might’ve said, “Chill, guys.” It’s a loosely defined group of thinkers, rationalists, […]
‘Failure of railways’: Oppn asks why arrangements were not made to tackle Kumbh crowds
At least 18 people have died and many were injured in a stampede at New Delhi Railway Station. The incident occurred due to a crowd […]