https://www.taxtmi.com/caselaws?id=329008 The Tribunal dismissed the Revenue's appeal against the setting aside of duty demand, interest, and penalty imposed on manufacturers of Iron and Steel products. The decision was upheld based on the lack of evidence demonstrating relatedness and mutuality of interest among the parties involved. The Tribunal emphasized that familial relationships among shareholders or directors did not automatically establish relatedness between companies under the Companies Act and Excise law. en-us Tue, 24 Nov 2015 00:00:00 +0530 Wed, 19 Oct 2016 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329008 The Tribunal dismissed the Revenue's appeal against the setting aside of duty demand, interest, and penalty imposed on manufacturers of Iron and Steel products. The decision was upheld based on the lack of evidence demonstrating relatedness and mutuality of interest among the parties involved. The Tribunal emphasized that familial relationships among shareholders or directors did not automatically establish relatedness between companies under the Companies Act and Excise law. Case-Laws Central Excise Tue, 24 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329008