https://www.taxtmi.com/caselaws?id=90144 Technical information transferred between two units of the same assessee could not be treated as a sale because a valid contract of sale requires separate and distinct buyer and seller. The finding that a sale existed was therefore unsustainable in law, and the valuation issue had to be reconsidered with reference to the Valuation Rules, particularly Rule 6. On that basis, the demand and penalties were set aside and the matter was remanded for fresh re-examination under the valuation framework. en-us Wed, 29 Jul 1998 00:00:00 +0530 Mon, 03 Oct 2011 17:39:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90144 Technical information transferred between two units of the same assessee could not be treated as a sale because a valid contract of sale requires separate and distinct buyer and seller. The finding that a sale existed was therefore unsustainable in law, and the valuation issue had to be reconsidered with reference to the Valuation Rules, particularly Rule 6. On that basis, the demand and penalties were set aside and the matter was remanded for fresh re-examination under the valuation framework. Case-Laws Central Excise Wed, 29 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90144