https://www.taxtmi.com/caselaws?id=99467 Notional interest on security deposits or advances received from dealers was held not to form part of the assessable value, because the Revenue failed to establish any nexus between the deposits and the price charged or any evidence that the deposits depressed the price. The Tribunal agreed with the Commissioner (Appeals) that, without proof of a connection between the advance and a lower price, imputing interest was unwarranted. The conclusion aligned with cited judicial precedents and departmental instructions, and the assessee obtained relief. en-us Thu, 01 Mar 2001 00:00:00 +0530 Fri, 27 Jan 2012 13:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99467 Notional interest on security deposits or advances received from dealers was held not to form part of the assessable value, because the Revenue failed to establish any nexus between the deposits and the price charged or any evidence that the deposits depressed the price. The Tribunal agreed with the Commissioner (Appeals) that, without proof of a connection between the advance and a lower price, imputing interest was unwarranted. The conclusion aligned with cited judicial precedents and departmental instructions, and the assessee obtained relief. Case-Laws Central Excise Thu, 01 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99467