No profiteering if reduction in base price is more than additional eligible ITC

Smt. Mandalika Sakunthala Vs M/s Fabindia Overseas Pvt. Ltd. (National Anti-Profiteering Authority)

The company reduced his base prices and the profit margins to maintain the same MRP inspite of the increase in the tax rate. In another product, reduction in the base prices found to be more than the additional ITC eligible thereon. Respondent has not contravened the provisions of Section 171 (1) of the Please become a Premium member. If you are already a Premium member, login here to access the full content.