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<h1>Appellate Tribunal Rules in Favor of Company in Talcum Powder Assessable Value Dispute</h1> The appeal was allowed by the Appellate Tribunal CEGAT, Mumbai, in 1998 (5) TMI 194, regarding the assessable value of talcum powder sold to M/s. Godrej ... Valuation The judgment by Appellate Tribunal CEGAT, Mumbai in 1998 (5) TMI 194 involved the appellant, a talcum powder manufacturer selling goods to M/s. Godrej Soaps Pvt. Ltd. The assessable value was proposed based on the selling price to Godrej Soaps, but the tribunal ruled that this did not establish a related person relationship. The appeal was allowed, and the impugned order was set aside.
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