https://www.taxtmi.com/caselaws?id=358841 Related-person status for excise valuation cannot be determined by reciprocal shareholding alone; authorities must examine the totality of control, common directors, actual shareholding pattern, and the business relationship between the entities to decide whether mutuality of interest exists. Where the facts suggest common control or substantial common ownership, the corporate veil may be lifted to identify the real controlling persons. On the existing record, the absence of established mutuality of interest was not treated as final, and the valuation issue required fresh factual reconsideration with a hearing to the assessee. en-us Tue, 03 Apr 2018 00:00:00 +0530 Fri, 20 Apr 2018 05:55:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358841 Related-person status for excise valuation cannot be determined by reciprocal shareholding alone; authorities must examine the totality of control, common directors, actual shareholding pattern, and the business relationship between the entities to decide whether mutuality of interest exists. Where the facts suggest common control or substantial common ownership, the corporate veil may be lifted to identify the real controlling persons. On the existing record, the absence of established mutuality of interest was not treated as final, and the valuation issue required fresh factual reconsideration with a hearing to the assessee. Case-Laws Central Excise Tue, 03 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358841