Need of Encryption/Decryption of REST API request/response?

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In what situations is it needed to encrypt the REST API HttpRequest at the client-side before sending it to the server and to encrypt the HttpResponse at the server before sending it to the client-side?

I read that HTTPS encrypts the data when data is in transit, so do we really need an extra layer of encryption on our own?

One difference I could notice that using additional encryption I will not be able to see the data in the original form in the Network tab of the browser. What is the significance of this from a security perspective?

Please consider the question for both mobile and web platforms.

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