https://www.taxtmi.com/caselaws?id=114960 Where clearances were made to a concern controlled by the same family, with common partners, premises and staff, the buyer was treated as a related person and the resale price was adopted for valuation because the arrangement was not at arm's length. Suppression of that relationship in price declarations and returns was held to amount to suppression of material facts with intent to evade duty, so the extended period of limitation was available. Penalty was sustained only under Rule 173Q(1) because the period predated Section 11AC, while the interest demand under Section 11AB was not upheld and the penalty was reduced. en-us Fri, 04 Feb 2005 00:00:00 +0530 Tue, 22 May 2012 15:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114960 Where clearances were made to a concern controlled by the same family, with common partners, premises and staff, the buyer was treated as a related person and the resale price was adopted for valuation because the arrangement was not at arm's length. Suppression of that relationship in price declarations and returns was held to amount to suppression of material facts with intent to evade duty, so the extended period of limitation was available. Penalty was sustained only under Rule 173Q(1) because the period predated Section 11AC, while the interest demand under Section 11AB was not upheld and the penalty was reduced. Case-Laws Central Excise Fri, 04 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114960