Correct option is C
Judicial Clarification: The Supreme Court's decision addressed ambiguities in the legislative powers between the Union and states concerning alcohol regulation, especially distinguishing between potable and industrial alcohol.
Legislative Competence: The Court emphasized that states have the authority to legislate on industrial alcohol unless explicitly overridden by Union legislation, thus preserving the federal structure of governance.
Economic Implications: This ruling has significant economic implications, as it allows states to effectively regulate and generate revenue from industrial alcohol, a substantial source of income.
Overruling Precedents: The judgment revisited and overruled previous decisions that limited state powers, providing a more nuanced understanding of constitutional provisions related to alcohol regulation.
Majority vs. Dissent: While eight judges concurred on the states' powers, one judge dissented, highlighting the complexity of interpreting constitutional provisions regarding state and Union jurisdictions.