Indo Burma Petroleum Corp. Ltd vs Commissioner Vat Delhi & Ors

The Supreme Court examined the validity of the Delhi Value Added Tax Act, 2004, particularly focusing on the amendments made to the definition of 'Sale Price' under Section 2(1)(zd) and the implications of a memorandum issued by the Government of Delhi regarding VAT on petrol and diesel prices. The Court held that the amendments and the memorandum were valid and did not contravene any statutory provisions, thereby upholding the High Court's decision. The appeals by the petroleum companies were dismissed, affirming the application of VAT on pre-revised prices until further notification.