https://www.taxtmi.com/caselaws?id=435624 The Supreme Court held that the appellant's transactions with a buyer should not be treated as transactions with a "related person" under Section 4(4)(c) of the Central Excise Act. Despite the buyer and the appellant having a common shareholder, there was no evidence of mutual interest in each other's business. The Court found that the prices at which the products were sold were based on actual costs plus profit margin and not below market prices. The revenue's decision was deemed erroneous, and the CESTAT's order was set aside, allowing the appeals without any costs. en-us Wed, 22 Mar 2023 00:00:00 +0530 Tue, 26 Sep 2023 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435624 The Supreme Court held that the appellant's transactions with a buyer should not be treated as transactions with a "related person" under Section 4(4)(c) of the Central Excise Act. Despite the buyer and the appellant having a common shareholder, there was no evidence of mutual interest in each other's business. The Court found that the prices at which the products were sold were based on actual costs plus profit margin and not below market prices. The revenue's decision was deemed erroneous, and the CESTAT's order was set aside, allowing the appeals without any costs. Case-Laws Central Excise Wed, 22 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435624