https://www.taxtmi.com/caselaws?id=40585 The High Court ruled in favor of the Private Limited Company, allowing their claim for exemption from excise duty on steel furniture. The Court emphasized the legal distinction between the company and its shareholders, rejecting the argument that the company and a partnership firm were one entity. The Court held that the company, with external shareholders and operating independently, was entitled to the exemption specified in the government notification, provided it met all necessary conditions. The Assistant Collector's decision was quashed, and costs were awarded to the petitioner. en-us Tue, 19 Oct 1976 00:00:00 +0530 Mon, 10 May 2010 18:35:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40585 The High Court ruled in favor of the Private Limited Company, allowing their claim for exemption from excise duty on steel furniture. The Court emphasized the legal distinction between the company and its shareholders, rejecting the argument that the company and a partnership firm were one entity. The Court held that the company, with external shareholders and operating independently, was entitled to the exemption specified in the government notification, provided it met all necessary conditions. The Assistant Collector's decision was quashed, and costs were awarded to the petitioner. Case-Laws Central Excise Tue, 19 Oct 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40585