https://www.taxtmi.com/caselaws?id=74319 Exemption under Notification No. 120/75 could not be denied merely because the buyer was the assessee's holding company. Eligibility had to be tested on whether the invoice price was actually influenced by any commercial, financial or other relationship, and a mere holding-subsidiary link was not enough to establish ineligibility. The authorities also had to give a reasoned finding on limitation, including the extended period issue, rather than proceed on assumption. The appellate order was therefore unsustainable on the material before the Tribunal and required fresh consideration of price influence and time-bar findings. en-us Mon, 27 Feb 1989 00:00:00 +0530 Wed, 08 Jun 2011 11:29:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74319 Exemption under Notification No. 120/75 could not be denied merely because the buyer was the assessee's holding company. Eligibility had to be tested on whether the invoice price was actually influenced by any commercial, financial or other relationship, and a mere holding-subsidiary link was not enough to establish ineligibility. The authorities also had to give a reasoned finding on limitation, including the extended period issue, rather than proceed on assumption. The appellate order was therefore unsustainable on the material before the Tribunal and required fresh consideration of price influence and time-bar findings. Case-Laws Central Excise Mon, 27 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74319