2003 (11) TMI 464

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.... and V.S. Nankani, Advocates, for the Appellant. Shri K.M. Mondal, Consultant, for the Respondent. [Order per : Jyoti Balasundaram, Member (J)]. -  Identical issues arise for determination in the above appeals arising out of 2 separate orders of the Commissioner (Appeals); hence they are heard together and disposed of by this common order. 2. Duty demand of Rs. 311,16,49,260/....

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.... to be sold or that it was not at arms length, and in the absence of any allegation that there was any flow back of money from the buyer to the assessee, it cannot be contended that the normal price was not ascertainable and there is no valid reason to doubt the genuineness of the sale price. The Supreme Court upheld the Tribunal's order in accepting the wholesale price of the respondents therein ....