TMI BlogValuation - related person or not - a proprietorship concern and a Private Limited company are not...Valuation - related person or not - a proprietorship concern and a Private Limited company are not related person - even if two are held to be related, the price to any independent buyer of similar quantity only can be adopted under Rule 11 - Demand fails on both count. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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