https://www.taxtmi.com/caselaws?id=50089 The Tribunal rejected the Revenue's appeal in a valuation dispute, ruling that the appellant and buyer were not related persons under Section 4(4)(C) of the Act. Despite common partners, the absence of mutuality of interest or financial transactions between the parties led to the dismissal of the appeal. The Tribunal emphasized that being directors of the buyer company did not establish a related person relationship and found no evidence to support the Revenue's claims. Citing previous case law, the Tribunal concluded that the appeal lacked merit and dismissed it, including cross objections. en-us Fri, 20 Oct 2000 00:00:00 +0530 Thu, 19 Aug 2010 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50089 The Tribunal rejected the Revenue's appeal in a valuation dispute, ruling that the appellant and buyer were not related persons under Section 4(4)(C) of the Act. Despite common partners, the absence of mutuality of interest or financial transactions between the parties led to the dismissal of the appeal. The Tribunal emphasized that being directors of the buyer company did not establish a related person relationship and found no evidence to support the Revenue's claims. Citing previous case law, the Tribunal concluded that the appeal lacked merit and dismissed it, including cross objections. Case-Laws Central Excise Fri, 20 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50089