https://www.taxtmi.com/highlights?id=78755 The High Court addressed the power to grant exemptions u/s 8(5)(b) of the CST Act, ruling that it extends beyond "registered dealers" to include other specified categories. This interpretation was supported by previous judgments. The Court also discussed unjust enrichment, stating that refunds are not automatic unless it's proven that tax liability wasn't passed on to consumers. The decision referenced a Supreme Court case emphasizing that the tax component is typically included in the final product cost. Ultimately, the Court upheld the original judgment, dismissing the revision petitions. en-us Mon, 24 Jun 2024 08:10:35 +0530 Mon, 24 Jun 2024 08:10:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=78755 The High Court addressed the power to grant exemptions u/s 8(5)(b) of the CST Act, ruling that it extends beyond "registered dealers" to include other specified categories. This interpretation was supported by previous judgments. The Court also discussed unjust enrichment, stating that refunds are not automatic unless it's proven that tax liability wasn't passed on to consumers. The decision referenced a Supreme Court case emphasizing that the tax component is typically included in the final product cost. Ultimately, the Court upheld the original judgment, dismissing the revision petitions. Highlights VAT and Sales Tax Mon, 24 Jun 2024 08:10:35 +0530 https://www.taxtmi.com/highlights?id=78755