The Whos down in Whoville seemingly lost little to no utility from losing those presents and in fact seemed unaffected at all while The Grinch over the course of cartoon (and seemingly the source manga from what I recall) seems to benefit immensely and derive great utility from the act of stealing said presents, as well as presumably using them afterwards.
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I don't think you're right. Your statement suggests he was wrong to return them but your arguement only supports the idea that he was right to take them.
He derived great utility by taking them, but only because that triggered his heart to grow three sizes that day. After that he derived great utility from returning them.
So he was right to take and return them