https://www.taxtmi.com/caselaws?id=105952 Common directorship, by itself, was held insufficient to establish related-person status for valuation purposes where there was no further material showing the requisite relationship between the manufacturer and the buyer company. On those facts, assessable value could not be determined on the buyer's sale price, and the buyer's advertising and sales promotion expenses could not be added on that basis. The Tribunal sustained the order dropping the proceedings and rejected the departmental challenge to the assessable value adopted. The limitation objection was left unexamined. en-us Tue, 24 Aug 1999 00:00:00 +0530 Mon, 12 Mar 2012 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105952 Common directorship, by itself, was held insufficient to establish related-person status for valuation purposes where there was no further material showing the requisite relationship between the manufacturer and the buyer company. On those facts, assessable value could not be determined on the buyer's sale price, and the buyer's advertising and sales promotion expenses could not be added on that basis. The Tribunal sustained the order dropping the proceedings and rejected the departmental challenge to the assessable value adopted. The limitation objection was left unexamined. Case-Laws Central Excise Tue, 24 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105952