2007 (3) TMI 560

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....Appellant. Shri M.M. Matkar, JDR, for the Respondent. [Order per : M. Veeraiyan, Member (T)]. -  These appeals arise out of the order of the Commissioner (Appeals) No. 1225 to 1226/2002 (62 to 63-Ahd-II) CE/Commr(A)/Ahd. dated 17-10-2002. 2. Heard both sides and perused the records. 3. The relevant facts in brief are as follows :- (a)     M/s. S....

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....ed 10-9-1996 and promoted a new company called Sanvik Choksi Pvt. Ltd. with Choksi Tubes Co. Ltd. holding share of 49% and balance 51% being held by M/s. Sandvik AB. Subsequently in January, 97 the company became a Public Ltd. Company with the name Sandvik Choksi Ltd.; in April 2001 the new company acquired the shares owned by Choksi Tubes Co. Ltd and got renamed as Sandvik Steel Asia Pvt. Ltd. Th....

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....bmits that they are a new company different from the Choksi Tubes Co. Ltd. not withstanding the fact that the former was holding 49% of the shares till April, 2001 and they were continuing to work from the premises of the erstwhile M/s. Choksi Tubes Co. Ltd. 5. Ld. JDR reiterates the findings of the Commissioner (Appeals). 6. We have carefully considered the rival submissions. Ther....