https://www.taxtmi.com/caselaws?id=42368 The court quashed the orders of respondents 1 to 3 in a Writ Petition challenging the interpretation of Section 4(a) of the Central Excises and Salt Act 1944. The court emphasized determining the 'wholesale cash price' based on arms length transactions, requiring fair and reasonable agreements made on a purely commercial basis. The respondents failed to consider this, leading to a remittal for re-investigation and re-adjudication by the first respondent within three months. en-us Sat, 23 Apr 1988 00:00:00 +0530 Thu, 10 Jun 2010 17:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42368 The court quashed the orders of respondents 1 to 3 in a Writ Petition challenging the interpretation of Section 4(a) of the Central Excises and Salt Act 1944. The court emphasized determining the 'wholesale cash price' based on arms length transactions, requiring fair and reasonable agreements made on a purely commercial basis. The respondents failed to consider this, leading to a remittal for re-investigation and re-adjudication by the first respondent within three months. Case-Laws Central Excise Sat, 23 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42368