1996 (8) TMI 275

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..... nt]. Appellant is absent and is unrepresented inspite of notice. We have heard Shri A.K. Agarwal, SDR and perused the papers. 2. Appellants are a private limited company engaged in the manufacture of welding electrodes. Major part of the manufactured goods was being sold through M/s. Uniweld, Margao, a partnership concern operating from the same building as the appellants. Apparently disco .....

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..... the notice on the ground that the private limited company has a separate legal identity independent of its shareholders and there was no evidence to show that the business between the two was not on principal to principal basis or there was any extra commercial consideration flowing and there was no evidence to show that extra benefit was being given to M/s. Uniweld in comparison with independent .....

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..... ss is the same. We do not think these two circumstances are by themselves sufficient to hold that the transactions were not on principal to principal basis or that there was any extra commercial consideration for the transactions or that M/s. Uniweld were being shown a special favour in comparison with other independent buyers or that the company and the partnership firm have direct or indirect in .....

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