https://www.taxtmi.com/caselaws?id=231313 Clubbing of clearances of holding and subsidiary private limited companies for denial of small scale exemption was not justified where the Revenue relied only on common shareholding. The governing principle under Notification No. 175/86-CE and later Notification No. 1/93-CE is that clubbing can be sustained only on proof of mutuality of interest or financial flow back between the units. As no such allegation or evidence was shown, mere holding-subsidiary status did not disqualify the assessees from exemption. The exemption benefit therefore remained available on the facts stated. en-us Wed, 13 Jun 2012 00:00:00 +0530 Fri, 26 Apr 2013 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=231313 Clubbing of clearances of holding and subsidiary private limited companies for denial of small scale exemption was not justified where the Revenue relied only on common shareholding. The governing principle under Notification No. 175/86-CE and later Notification No. 1/93-CE is that clubbing can be sustained only on proof of mutuality of interest or financial flow back between the units. As no such allegation or evidence was shown, mere holding-subsidiary status did not disqualify the assessees from exemption. The exemption benefit therefore remained available on the facts stated. Case-Laws Central Excise Wed, 13 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=231313