1996 (8) TMI 275

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....r the Respondent. [Order per : Justice U.L. Bhat, President]. -  Appellant is absent and is unrepresented inspite of notice. We have heard Shri A.K. Agarwal, SDR and perused the papers. 2. Appellants are a private limited company engaged in the manufacture of welding electrodes. Major part of the manufactured goods was being sold through M/s. Uniweld, Margao, a partnership conce....

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.... the two concerns were related persons. The Assistant Collector dropped the notice on the ground that the private limited company has a separate legal identity independent of its shareholders and there was no evidence to show that the business between the two was not on principal to principal basis or there was any extra commercial consideration flowing and there was no evidence to show that extra....