https://www.taxtmi.com/caselaws?id=50619 The Tribunal allowed the appeal in a case concerning the interpretation of related persons' sale price under Section 4(1A) of the Central Excise Act. The Tribunal held that without establishing the mutuality of interest between the assessee company and the buyer company, the provision cannot be applied. They found no merit in the Revenue's argument that liability automatically follows once covered by the definition clause, especially when 100% of goods are sold to the buyer holding 60% shares of the assessee. The Tribunal set aside the lower authorities' orders and granted consequential relief based on legal precedents. en-us Mon, 26 Mar 2001 00:00:00 +0530 Mon, 23 Aug 2010 18:19:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50619 The Tribunal allowed the appeal in a case concerning the interpretation of related persons' sale price under Section 4(1A) of the Central Excise Act. The Tribunal held that without establishing the mutuality of interest between the assessee company and the buyer company, the provision cannot be applied. They found no merit in the Revenue's argument that liability automatically follows once covered by the definition clause, especially when 100% of goods are sold to the buyer holding 60% shares of the assessee. The Tribunal set aside the lower authorities' orders and granted consequential relief based on legal precedents. Case-Laws Central Excise Mon, 26 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50619