https://www.taxtmi.com/caselaws?id=346705 The Appellate Tribunal CESTAT NEW DELHI rejected the Revenue's appeal in a case concerning the valuation of sanitary ware and bathroom fittings. Market inquiries indicating undervaluation were deemed insufficient to override the transaction value, especially in the absence of concrete evidence. The Tribunal emphasized that market inquiries alone cannot justify altering the assessable value, leading to the dismissal of the Revenue's appeal and upholding the Commissioner (Appeals) order. The decision was rendered on 9-1-2017. en-us Mon, 09 Jan 2017 00:00:00 +0530 Tue, 22 Aug 2017 07:28:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346705 The Appellate Tribunal CESTAT NEW DELHI rejected the Revenue's appeal in a case concerning the valuation of sanitary ware and bathroom fittings. Market inquiries indicating undervaluation were deemed insufficient to override the transaction value, especially in the absence of concrete evidence. The Tribunal emphasized that market inquiries alone cannot justify altering the assessable value, leading to the dismissal of the Revenue's appeal and upholding the Commissioner (Appeals) order. The decision was rendered on 9-1-2017. Case-Laws Customs Mon, 09 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346705