https://www.taxtmi.com/caselaws?id=466013 Determination of assessable value centred on whether the agreed sale price between seller and buyer should be displaced by valuation under reasonable means or treated as a related-person transaction. The commentary concludes that absent evidence satisfying the mutuality or influence elements of the related person definition, the transaction value between seller and buyer must be accepted for assessment, and valuation under alternative valuation provisions is improper. Consequently, demands computed by adopting resale price differentials are unsustainable and ancillary issues including penalty and extended limitation become academic where primary valuation is decided in favour of the selling price. en-us Tue, 10 Sep 2024 00:00:00 +0530 Tue, 20 Jan 2026 21:18:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466013 Determination of assessable value centred on whether the agreed sale price between seller and buyer should be displaced by valuation under reasonable means or treated as a related-person transaction. The commentary concludes that absent evidence satisfying the mutuality or influence elements of the related person definition, the transaction value between seller and buyer must be accepted for assessment, and valuation under alternative valuation provisions is improper. Consequently, demands computed by adopting resale price differentials are unsustainable and ancillary issues including penalty and extended limitation become academic where primary valuation is decided in favour of the selling price. Case-Laws Central Excise Tue, 10 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466013