#Government Undertaking

Bombay High Court rules that mesne profits payable by government entities must be determined based on comparable market data rather than standard commercial rates, ensuring equitable valuation. The judgment underscores that state-owned undertakings are entitled to moderated rates, reflecting their non-commercial status and public function.

Andhra Pradesh High Court rules that government undertakings selling essential commodities at subsidized rates are entitled to full Input Tax Credit under APVAT Act, 2005.