Supreme Court’s decision in the case of GMMCO [ 2001 (127) ELT 508] in the context of Related Party Transaction- regarding

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....GMMCO [ 2001 (127) ELT 508] in the context of Related Party Transaction- regarding I am directed to refer to the Tribunal’s decision against Revenue in the case of Collector of Customs , Madras Vs. General Marketing and Manufacturing Co. Ltd. ( GMMCO), reported in [ 2001 (127) ELT 508], dated, 25th August, 2000. An appeal no. 2772-73/ 2001] filed in the Hon’ble Supreme Court against the Trib....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n’ble Apex Court in a matter reported in AIR 1967 SC Shama Rao Vs. State of Pondicherry p. 1680 has held : " It is trite to say that a decision is binding not because of its conclusions but in regard to its ratio and the principles laid down therein. any declaration or conclusion arrived without application of mind or preceded without any reason cannot be deemed to be a declaration of or author....