TMI BlogValuation of Related Party Transactions Under Central Excise Law: Balance Sheet Entries Don't Establish Liability.Valuation - related party transaction - inter-connected undertakings - Once law falsifies the liability of appellant in given circumstances, mere mention by appellant in its record that too in balance sheet only will not create any liability. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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