https://www.taxtmi.com/caselaws?id=266663 The Tribunal held that the subsidiary company's clearances should not be considered for the Small Scale Industry (SSI) benefit eligibility of the holding company. It emphasized that despite financial transactions between the entities, the holding company's 100% ownership of the subsidiary means it bears all profits or losses. The Tribunal also ruled that the subsidiary and holding company should be treated as separate entities for SSI benefit purposes, considering factors like distinct locations, products, and financial assessments. Ownership and control were deemed crucial in determining their legal relationship, affirming the distinct identities of the companies for SSI benefit eligibility. en-us Tue, 18 Mar 2014 00:00:00 +0530 Thu, 22 Oct 2015 19:57:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266663 The Tribunal held that the subsidiary company's clearances should not be considered for the Small Scale Industry (SSI) benefit eligibility of the holding company. It emphasized that despite financial transactions between the entities, the holding company's 100% ownership of the subsidiary means it bears all profits or losses. The Tribunal also ruled that the subsidiary and holding company should be treated as separate entities for SSI benefit purposes, considering factors like distinct locations, products, and financial assessments. Ownership and control were deemed crucial in determining their legal relationship, affirming the distinct identities of the companies for SSI benefit eligibility. Case-Laws Central Excise Tue, 18 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266663