https://www.taxtmi.com/caselaws?id=755318 The SC held that purchase of goods for commercial purpose under Consumer Protection Act, 1986 requires close nexus with profit-generating activity, determined by dominant intention behind transaction. A company's purchase of luxury cars for directors' personal use as perquisites does not constitute commercial purpose. The court upheld National Commission's finding of unfair trade practice regarding incomplete airbag disclosure, awarding compensation. However, considering the complainant retained the vehicle for seventeen years, the refund amount was reduced from Rs. 58 lakhs to Rs. 36 lakhs while allowing retention of the car, balancing equity and justice. en-us Tue, 09 Jul 2024 00:00:00 +0530 Wed, 10 Jul 2024 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755318 The SC held that purchase of goods for commercial purpose under Consumer Protection Act, 1986 requires close nexus with profit-generating activity, determined by dominant intention behind transaction. A company's purchase of luxury cars for directors' personal use as perquisites does not constitute commercial purpose. The court upheld National Commission's finding of unfair trade practice regarding incomplete airbag disclosure, awarding compensation. However, considering the complainant retained the vehicle for seventeen years, the refund amount was reduced from Rs. 58 lakhs to Rs. 36 lakhs while allowing retention of the car, balancing equity and justice. Case-Laws Indian Laws Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755318