https://www.taxtmi.com/caselaws?id=240020 The Tribunal granted total waiver of the duty, interest, and penalty amounting to Rs. 78,92,155 in the case involving related party transactions. The dispute arose from the department's reliance on an overturned Tribunal decision, which the applicants contested citing a Supreme Court ruling and Gujarat High Court decision applying the doctrine of merger. The Tribunal considered the conflicting interpretations and ruled in favor of the applicants, emphasizing the doctrine of merger's application and granting the appeal, staying the recovery of the amount. The decision underscored the significance of legal precedent and higher court rulings in tax matters. en-us Mon, 24 Jun 2013 00:00:00 +0530 Sat, 04 Jan 2014 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240020 The Tribunal granted total waiver of the duty, interest, and penalty amounting to Rs. 78,92,155 in the case involving related party transactions. The dispute arose from the department's reliance on an overturned Tribunal decision, which the applicants contested citing a Supreme Court ruling and Gujarat High Court decision applying the doctrine of merger. The Tribunal considered the conflicting interpretations and ruled in favor of the applicants, emphasizing the doctrine of merger's application and granting the appeal, staying the recovery of the amount. The decision underscored the significance of legal precedent and higher court rulings in tax matters. Case-Laws Central Excise Mon, 24 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240020