https://www.taxtmi.com/caselaws?id=327686 The Supreme Court affirmed the High Court's judgment, ruling that the first proviso to Section 2(1)(zd) of the Delhi Value Added Tax Act ceased to apply once petrol and diesel prices were rolled back. The court dismissed the appeals, emphasizing the proviso's intent to protect consumers from increased VAT, not provide a perpetual benefit. It upheld the legality of default notices issued to the appellants and implicitly supported the Appellate Tribunal's decision to set aside penalties. en-us Fri, 13 May 2016 00:00:00 +0530 Thu, 23 Mar 2017 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327686 The Supreme Court affirmed the High Court's judgment, ruling that the first proviso to Section 2(1)(zd) of the Delhi Value Added Tax Act ceased to apply once petrol and diesel prices were rolled back. The court dismissed the appeals, emphasizing the proviso's intent to protect consumers from increased VAT, not provide a perpetual benefit. It upheld the legality of default notices issued to the appellants and implicitly supported the Appellate Tribunal's decision to set aside penalties. Case-Laws VAT and Sales Tax Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327686