https://www.taxtmi.com/caselaws?id=53096 The Tribunal held that the duty demand and penalty imposed on the appellant partnership were not sustainable as the limited company buyer could not be considered a related person under the law. The Tribunal emphasized the separate legal identity of the company from its shareholders and directors and found no evidence of evasion. Consequently, the duty demand was set aside, and the uncontested amount confirmed. As the main demand was not upheld, the penalty was also set aside, resulting in the appeal being partly allowed. en-us Wed, 18 Aug 2004 00:00:00 +0530 Mon, 11 Oct 2010 09:48:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53096 The Tribunal held that the duty demand and penalty imposed on the appellant partnership were not sustainable as the limited company buyer could not be considered a related person under the law. The Tribunal emphasized the separate legal identity of the company from its shareholders and directors and found no evidence of evasion. Consequently, the duty demand was set aside, and the uncontested amount confirmed. As the main demand was not upheld, the penalty was also set aside, resulting in the appeal being partly allowed. Case-Laws Central Excise Wed, 18 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53096