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2017 (7) TMI 327 - CESTAT NEW DELHIValuation - related party transaction - Held that: - the impugned order did not explain how two Private Limited Companies having separate legal existence, can be considered as “relatives”. Relationship between natural persons holding position in these companies cannot make these two companies automatically “relative” within the meaning of Section 4. Also, there is no cost calculation based CAS-4. It is not clear how the value of 110% is arrived at by the lower authorities - matter remanded for fresh consideration - appeal allowed by way of remand.
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