https://www.taxtmi.com/caselaws?id=89608 Common management, cross-shareholding, exclusive off-take of production, raw-material supply and financial adjustments cumulatively showed mutual interest between the two companies, so they were not dealing at arm's length. The buyer was therefore treated as a related person and assessable value was correctly based on the buyer's wholesale resale price. Although the duty demand was sustained, the penalty quantum was moderated because the overall circumstances did not justify the original amounts, and the penalties were reduced to the refixed figures stated in the order. en-us Fri, 09 Oct 1998 00:00:00 +0530 Wed, 28 Sep 2011 14:35:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89608 Common management, cross-shareholding, exclusive off-take of production, raw-material supply and financial adjustments cumulatively showed mutual interest between the two companies, so they were not dealing at arm's length. The buyer was therefore treated as a related person and assessable value was correctly based on the buyer's wholesale resale price. Although the duty demand was sustained, the penalty quantum was moderated because the overall circumstances did not justify the original amounts, and the penalties were reduced to the refixed figures stated in the order. Case-Laws Central Excise Fri, 09 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89608