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Central Excise - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Valuation - goods cleared to related buyers - Revenue’s ...


Revenue's Claim on 'Relative' for Juridical Persons Under Companies Act Section 2(41) Deemed Unfounded in Tax Law Context.

February 23, 2016

Case Laws     Central Excise     AT

Valuation - goods cleared to related buyers - Revenue’s assertion that a jurisdic person also can have a ‘relative’ in terms of Section 2(41) of the Companies Act is totally untenable - Revenue is mixing the concept of ‘related person’ with ‘relative’. - AT

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