https://www.taxtmi.com/caselaws?id=165799 Invoice-value assessment under Notification No. 120/75-C.E. could not be denied merely because sales were made to a connected concern treated as a related person. The decisive factor was whether the price charged to the connected concern differed from the price charged to independent buyers or showed lack of arm's-length dealing. On the material considered, the same price was charged to both sets of buyers, and different legal constitution alone was insufficient to reject invoice value. The applicants were therefore entitled to the notification benefit and assessment on invoice value, and the contrary view of the lower authorities was unsustainable. en-us Sat, 18 Jul 1981 00:00:00 +0530 Tue, 12 Aug 2014 12:32:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165799 Invoice-value assessment under Notification No. 120/75-C.E. could not be denied merely because sales were made to a connected concern treated as a related person. The decisive factor was whether the price charged to the connected concern differed from the price charged to independent buyers or showed lack of arm's-length dealing. On the material considered, the same price was charged to both sets of buyers, and different legal constitution alone was insufficient to reject invoice value. The applicants were therefore entitled to the notification benefit and assessment on invoice value, and the contrary view of the lower authorities was unsustainable. Case-Laws Central Excise Sat, 18 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165799