https://www.taxtmi.com/caselaws?id=106481 The Tribunal dismissed the appeal, ruling that the manufacturer and distributor were not related persons and that the advertisement expenses incurred by the distributor should not be included for valuation purposes. The judgment highlighted the principal-to-principal nature of the agreement and the lack of characteristics of an agency agreement. The decision was based on evidence presented, showing no majority shareholding by a specific family and differentiating the case from Snow White Industrial Corporation precedent. The Tribunal referenced Philips India Ltd., overruling previous case laws and ultimately upheld the original decision. en-us Mon, 19 Aug 2002 00:00:00 +0530 Wed, 14 Mar 2012 13:27:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106481 The Tribunal dismissed the appeal, ruling that the manufacturer and distributor were not related persons and that the advertisement expenses incurred by the distributor should not be included for valuation purposes. The judgment highlighted the principal-to-principal nature of the agreement and the lack of characteristics of an agency agreement. The decision was based on evidence presented, showing no majority shareholding by a specific family and differentiating the case from Snow White Industrial Corporation precedent. The Tribunal referenced Philips India Ltd., overruling previous case laws and ultimately upheld the original decision. Case-Laws Central Excise Mon, 19 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106481