Anti Profiteering Remand

In a challenge to anti-profiteering proceedings, the High Court set aside the order determining substantial profiteering and remanded the matter to the GST Appellate Tribunal for fresh adjudication. 

Noting that GST rates had increased and that price levels were maintained, the Court held that the issue requires factual re-evaluation to determine whether any real benefit was retained. 

The ruling underscores that anti-profiteering analysis must be grounded in economic reality and cannot rely solely on formula-driven computations.