https://www.taxtmi.com/caselaws?id=91350 The Tribunal upheld the decision to drop proceedings against the assessees, emphasizing the lack of substantial evidence to prove related party transactions and the applicability of the mutuality concept. Reviewing relevant judgments, including the Supreme Court's ruling, the Tribunal dismissed the department's appeals, concluding that the selling price to Videocon International Ltd. should not be considered the assessable value for duty payment due to the minimal common director's shareholding between the assessee company and VIL. en-us Thu, 04 Feb 1999 00:00:00 +0530 Mon, 17 Oct 2011 14:40:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91350 The Tribunal upheld the decision to drop proceedings against the assessees, emphasizing the lack of substantial evidence to prove related party transactions and the applicability of the mutuality concept. Reviewing relevant judgments, including the Supreme Court's ruling, the Tribunal dismissed the department's appeals, concluding that the selling price to Videocon International Ltd. should not be considered the assessable value for duty payment due to the minimal common director's shareholding between the assessee company and VIL. Case-Laws Central Excise Thu, 04 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91350