Bombay HC's relief to McDonald's, grants partial stay against NAA order
Bombay HC admits writ petition against order passed by National Anti-Profiteering Authority (NAA) wherein NAA held McDonald's guilty of profiteering where base-price increased on eve of tax reduction; NAA had directed that amount profiteered should be deposited in ratio of 50:50 in Central or State CWFs along with interest at 18%, while holding Appellant liable to penalty u/s 122(1)(i); Observing that, NAA directed f...