https://www.taxtmi.com/caselaws?id=373808 Whether two entities qualify as related persons for Rule 9 valuation was examined by reference to the related person test: the Tribunal applied principles requiring mutuality of interest, interdependence beyond mere familial ties, and a demonstrable effect on price caused by extra commercial consideration; it also treated the company law concept of 'relative' as applicable only to natural persons and not automatically extending to corporate or firm entities because related individuals are involved. Applying these principles to the recorded facts, the Tribunal found no legal basis to treat the partnership and the company as related persons and disapplied Rule 9. en-us Wed, 02 Jan 2019 00:00:00 +0530 Mon, 21 Jan 2019 07:41:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373808 Whether two entities qualify as related persons for Rule 9 valuation was examined by reference to the related person test: the Tribunal applied principles requiring mutuality of interest, interdependence beyond mere familial ties, and a demonstrable effect on price caused by extra commercial consideration; it also treated the company law concept of 'relative' as applicable only to natural persons and not automatically extending to corporate or firm entities because related individuals are involved. Applying these principles to the recorded facts, the Tribunal found no legal basis to treat the partnership and the company as related persons and disapplied Rule 9. Case-Laws Central Excise Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373808