State Of Jharkhand & Others vs Tata Cummins Ltd. & Another

The Supreme Court upheld the High Court's decision that Tata Cummins Ltd. is entitled to benefits under the Bihar Finance Act, 1981, and the Industrial Policy, 1995, specifically regarding sales tax exemptions as per notifications no.478 and 479 dated 22.12.1995. The Court clarified that the requirement of exclusive ownership of the building was satisfied as Tata Cummins Ltd. owned the factory building despite the land being leased. The Court directed the State to adjust the refundable amount of Rs.54.5 crores towards sales tax dues, affirming the High Court's ruling.