https://www.taxtmi.com/caselaws?id=73496 For excise valuation, a distributor is not a related person unless the relationship shows mutuality of interest, effective commercial control, or an extra-commercial arrangement. On the facts noted, common partners did not hold majority control, and there was no mutual financial involvement or sharing of profits and losses; the trade discount to the sole selling agent was therefore deductible in computing assessable value. A demand based on disallowing that discount could not stand, and the earlier period was also treated as time-barred under the applicable limitation rule. en-us Fri, 08 Jan 1988 00:00:00 +0530 Wed, 01 Jun 2011 13:28:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73496 For excise valuation, a distributor is not a related person unless the relationship shows mutuality of interest, effective commercial control, or an extra-commercial arrangement. On the facts noted, common partners did not hold majority control, and there was no mutual financial involvement or sharing of profits and losses; the trade discount to the sole selling agent was therefore deductible in computing assessable value. A demand based on disallowing that discount could not stand, and the earlier period was also treated as time-barred under the applicable limitation rule. Case-Laws Central Excise Fri, 08 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73496