NAA: Profiteering to be considered from 'prism' of consumer, rejects 'pan-India' computation plea

NAA upholds a case of profiteering on supply of “Washing Machine”, rejecting Respondent’s plea that computation of profiteering should be on pan-India basis and not based on prices charged in specific states/transactions; Upholds DGAP’s computation of profiteering in respect of States where the rate of tax was increased while rejecting Respondent’s plea for computing the amount of profiteering ‘entity-wise’; Clarifies that, “the amount of profiteering has to b...