STATE OF JHARKHAND vs TATA CUMMINS LTD.

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. The Court clarified that the requirement for exclusive ownership of the factory building was satisfied as Tata Cummins Ltd. owned the 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 applicability of the notifications dated 22.12.1995.