https://www.taxtmi.com/caselaws?id=96270 Related-person valuation under excise law cannot be sustained unless the revenue proves direct or indirect mutual interest in each other's business. A common tenancy of premises and transfer of rent to capital account, without more, is insufficient to establish the required relationship. The record also indicated sales to independent buyers at a discount, supporting the assessee's claimed discount structure. On these facts, the retail-price-based valuation adopted against the assessee failed, and the duty demand and personal penalty were set aside. en-us Wed, 27 Sep 2000 00:00:00 +0530 Tue, 20 Dec 2011 15:06:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96270 Related-person valuation under excise law cannot be sustained unless the revenue proves direct or indirect mutual interest in each other's business. A common tenancy of premises and transfer of rent to capital account, without more, is insufficient to establish the required relationship. The record also indicated sales to independent buyers at a discount, supporting the assessee's claimed discount structure. On these facts, the retail-price-based valuation adopted against the assessee failed, and the duty demand and personal penalty were set aside. Case-Laws Central Excise Wed, 27 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96270