Court Examines Allegations of Profiteering Over Tax Rate Reduction on Snacks; Focus on Benefit Transfer to Customers.

Profiteering - supply of “Snacks” - benefit of reduction in the rate of tax not passed on - Profiteering proceedings are only concerned with ascertaining whether the Respondent had passed on the benefit of rate reduction to his customers or not - have no concern with the above factors such as stiff competition, increase in the raw material and transportation costs, discounts to his dealers etc. - amount of profiteering determined .....

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