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2007 (10) TMI 210 - CESTAT, CHENNAIRelated person - Revenue proceeded against assessee to enhance the value of goods, raise demand & penalty – allegation is that assessee hadn’t declared their association & agreement with TDCEL in the mfg. & testing activities of TVs. & value had been deliberately suppressed by excluding mfg. cost - A joint venture with a Govt. corp. holding more than 25% of its shares can’t be held to have mutuality of interest with TDCEL – Both companies operated at arms length - revenue appeal dismissed
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