https://www.taxtmi.com/caselaws?id=123957 The Commissioner (Appeals) set aside the order-in-original, ruling that the companies were not related persons and the assessable value was correctly determined. The Supreme Court upheld this decision, rejecting the Revenue's appeals and disposing of the Cross Objections filed by the respondents. The case clarified that mere shareholding or common directors between companies does not establish them as related persons, leading to the confirmation that the price charged for the goods was correct. en-us Mon, 02 Jun 2008 00:00:00 +0530 Sat, 22 Sep 2012 13:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123957 The Commissioner (Appeals) set aside the order-in-original, ruling that the companies were not related persons and the assessable value was correctly determined. The Supreme Court upheld this decision, rejecting the Revenue's appeals and disposing of the Cross Objections filed by the respondents. The case clarified that mere shareholding or common directors between companies does not establish them as related persons, leading to the confirmation that the price charged for the goods was correct. Case-Laws Central Excise Mon, 02 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123957