9911796707
TMI Blog2005 (12) TMI 29X X X X Extracts X X X X X X X X Extracts X X X X ..... 19-12-2005 - All these appeals are directed against the same impugned order. Accordingly, they were taken up together and being disposed of under this common order. 2. Appellant, M/s. Domebell Investment Pvt. Ltd. and M/s Venugopal Engineering Pvt. Ltd. are manufacturers of colour television sets. These televisions are sold to the third appellant, M/s Videocon International Ltd. Under the impu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from the sale price of M/ s. Videocon International Ltd. The appellants claimed deductions towards trade discount, freight and sale tax. The Commissioner allowed deductions in the case of Domebell Investment Pvt. Ltd. towards freight and sales tax; but allowed no deduction, under any head to M/s. Venugopal Engineering Pvt. Ltd. The reason given in the order is that the appellant has failed to pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alized) remains approved and those values should be acceptable for the assessment of the sets purchased from these two manufacturer also, since the sets are sold without any distinction whatsoever, at the same price. 7. We have heard the learned SDR and perused the record. The legal requirement, as already noted, is not in dispute. The sale price of the related person buyer would constitute the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sioner for passing a fresh order of assessment by opting the approved assessable values of identical sets manufactured by M/s. Videocon International Ltd. In case such value is not available for a particular variety of television, the Commissioner shall pass a fresh order of assessment for that variety. Of course, after allowing deductions in respect of freight, sales tax and trade discount, on an ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
