INDO BURMA PETROLEUM CORP. LTD. vs COMMISSIONER VAT DELHI .

The Supreme Court upheld the decision of the Delhi High Court regarding the applicability of Value Added Tax (VAT) under Section 81 of the Delhi Value Added Tax Act, 2004. The Court clarified that the VAT should not be charged on the incremental prices of petrol and diesel as per the Government's memorandum dated 20.06.2006, which aimed to provide relief to consumers following a price increase. The Court affirmed that the VAT would continue to be levied on the pre-revised prices until further notification, thereby rejecting the appeals of various petroleum companies.