https://www.taxtmi.com/caselaws?id=81697 The Tribunal held that M/s. Agro Foods Punjab Ltd. and M/s. VOLTAS LTD. were not related persons under Section 4 of the Central Excises and Salt Act, 1944. The commercial agreement between the parties was deemed to be on a principal-to-principal basis, with no evidence of mutual interest in each other's business. The Tribunal distinguished this case from the Atic Industries judgment, ultimately allowing the appeals in favor of M/s. Agro Foods Punjab Ltd., thereby rejecting the Central Excise authorities' markup of prices based on the related persons classification. en-us Fri, 28 Feb 1992 00:00:00 +0530 Tue, 28 Jun 2011 12:36:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81697 The Tribunal held that M/s. Agro Foods Punjab Ltd. and M/s. VOLTAS LTD. were not related persons under Section 4 of the Central Excises and Salt Act, 1944. The commercial agreement between the parties was deemed to be on a principal-to-principal basis, with no evidence of mutual interest in each other's business. The Tribunal distinguished this case from the Atic Industries judgment, ultimately allowing the appeals in favor of M/s. Agro Foods Punjab Ltd., thereby rejecting the Central Excise authorities' markup of prices based on the related persons classification. Case-Laws Central Excise Fri, 28 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81697