https://www.taxtmi.com/highlights?id=73077 Valuation - Related person - In terms of Sub-Clause (iii) of Section 4(3)(b) a person shall be deemed to be related if amongst them the buyer is a relative and distributor of the assessee or distributor of such distributor - only natural person can be treated as relatives since the first condition itself of Sub Clause (iii) is not satisfied, the 4 buyers and the respondent cannot be considered as related under Sub-Clause (iii) of Section 4 (3)(b). - AT en-us Sat, 18 Nov 2023 08:38:12 +0530 Sat, 18 Nov 2023 08:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73077 Valuation - Related person - In terms of Sub-Clause (iii) of Section 4(3)(b) a person shall be deemed to be related if amongst them the buyer is a relative and distributor of the assessee or distributor of such distributor - only natural person can be treated as relatives since the first condition itself of Sub Clause (iii) is not satisfied, the 4 buyers and the respondent cannot be considered as related under Sub-Clause (iii) of Section 4 (3)(b). - AT Highlights Central Excise Sat, 18 Nov 2023 08:38:12 +0530 https://www.taxtmi.com/highlights?id=73077