https://www.taxtmi.com/caselaws?id=85752 The mere fact that two partners of the buying concern were relatives of the managing director, and that both concerns operated from the same building, was held insufficient to prove that they were related persons or that the sales were anything other than principal-to-principal transactions. In the absence of evidence of extra commercial consideration, special favour, or direct or indirect interest in each other's business, valuation could not be based on the buyer's resale price adopted by the department. en-us Fri, 30 Aug 1996 00:00:00 +0530 Sat, 06 Aug 2011 18:26:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85752 The mere fact that two partners of the buying concern were relatives of the managing director, and that both concerns operated from the same building, was held insufficient to prove that they were related persons or that the sales were anything other than principal-to-principal transactions. In the absence of evidence of extra commercial consideration, special favour, or direct or indirect interest in each other's business, valuation could not be based on the buyer's resale price adopted by the department. Case-Laws Central Excise Fri, 30 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85752