https://www.taxtmi.com/caselaws?id=1293 The Tribunal allowed the appeals, setting aside the Commissioner's order. It ruled that the agreements between Siri Labs/Siri and TTKHL were on a principal-to-principal basis. The Tribunal determined that the transaction value should be based on the price agreed upon between Siri Labs/Siri and TTKHL. It found no mutuality of interest warranting the rejection of the transaction value and no grounds for invoking the extended period for demand or imposing penalties. en-us Tue, 22 Aug 2006 00:00:00 +0530 Mon, 14 Apr 2008 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1293 The Tribunal allowed the appeals, setting aside the Commissioner's order. It ruled that the agreements between Siri Labs/Siri and TTKHL were on a principal-to-principal basis. The Tribunal determined that the transaction value should be based on the price agreed upon between Siri Labs/Siri and TTKHL. It found no mutuality of interest warranting the rejection of the transaction value and no grounds for invoking the extended period for demand or imposing penalties. Case-Laws Central Excise Tue, 22 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1293