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2015 (10) TMI 1937 - AT - Central ExciseBenefit of SSI Exemption - Clubbing of clearance - Held that:- For all purposes the holding company would be having more than 50% of the shares of the subsidiary company and in this case admittedly 100% of the shares are held by the holding company. When 100% of the shares are held, interest is paid on the loan or not does not really make a difference for the transaction between the two. Because in any case the holding company would have to bear the entire amount or profit or loss, whatever be the result of the activity of the subsidiary. - decision of the original adjudicating authority is logical and correct and has been rightly upheld. - Decided against Revenue.
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