2016 (12) TMI 785

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....pathy, Adv. For the Respondent Shri B. Balamurugan, AC (AR) ORDER It is submitted on behalf of the appellant that there was similar allegation of sale to favoured party adopting an abnormal violation methodology during the period 1995-96 to 2000-01. Hon'ble Madras High Court in the appellant's own case reported in 2010 (255) E.L.T. 3 (Mad.) has examined the material facts in that case o....

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....that it was not the case of Revenue that the prices was unreasonably low and it was the case where assessable value were not depressed. On such premises, the High Court held that the normal rule of valuation was applicable. 2.  In the present appeal, appellant says that on similar set of facts in the past when appellant was before the Hon'ble High Court and there was fact finding as well....

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.... notice dated 19.05.2000 gave rise to the proceeding of 1995-2000 which is similar to the allegation in the show-cause notice dated 20.03.2001 related to the present appeal. 6.  When the matter has reached finality before Hon'ble High court of Madras in the reported Judgment, the Tribunal being subordinate, although a final court of fact, is bound to follow the Judgement of higher court ....