https://www.taxtmi.com/caselaws?id=117109 Common shareholding alone was insufficient to treat two limited companies as related persons for valuation purposes, because each company remained a separate legal entity. The downstream sale price to unrelated buyers could not be adopted as the assessable value merely on that basis, especially where not all goods were routed through the alleged related party. The note therefore states that the revenue's valuation challenge failed and the lower appellate valuation was sustained. en-us Wed, 21 Sep 2005 00:00:00 +0530 Wed, 20 Jun 2012 14:14:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117109 Common shareholding alone was insufficient to treat two limited companies as related persons for valuation purposes, because each company remained a separate legal entity. The downstream sale price to unrelated buyers could not be adopted as the assessable value merely on that basis, especially where not all goods were routed through the alleged related party. The note therefore states that the revenue's valuation challenge failed and the lower appellate valuation was sustained. Case-Laws Central Excise Wed, 21 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117109