https://www.taxtmi.com/caselaws?id=286395 The Tribunal set aside the lower Authorities' decision in a Central Excise duty valuation case involving related parties. The Tribunal emphasized that a private limited company cannot be considered a "relative" of a partnership firm under Section 4 (3) (b) (ii) of the Central Excise Act, 1944. The Tribunal highlighted the need to establish relationships between legal entities based on specific facts of each case, overturning the decision and allowing the appeal due to serious legal flaws in the Authorities' interpretation of the law. en-us Wed, 24 May 2017 00:00:00 +0530 Mon, 24 Feb 2020 18:08:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286395 The Tribunal set aside the lower Authorities' decision in a Central Excise duty valuation case involving related parties. The Tribunal emphasized that a private limited company cannot be considered a "relative" of a partnership firm under Section 4 (3) (b) (ii) of the Central Excise Act, 1944. The Tribunal highlighted the need to establish relationships between legal entities based on specific facts of each case, overturning the decision and allowing the appeal due to serious legal flaws in the Authorities' interpretation of the law. Case-Laws Central Excise Wed, 24 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286395