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2018 (1) TMI 1163 - AT - Central ExciseValuation - sister concern/related person - Revenue felt that the capital goods sold to sister concern/related person should be assessed on the depreciated value - Held that: - the Ld. Commissioner (Appeals) has dismissed the appeal of the appellants by one line finding that there is a direct relationship between all the three directors of the appellant s company. There is no other finding as to how relationship has affected the value or whether there is mutuality of interest in the business, which has affected the value. In the absence of any evidence showing mutuality of interest the fact that the Directors of the appellant firm are related to each other or the Director of the appellant firm is the proprietor of the other firm is not sufficient basis to conclude that the value has been affected in any way by the relationship. Appeal allowed - decided in favor of appellant.
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