Case Law Details
Case Name : Commissioner of Central Excise Aurangabad Vs M/s Goodyear South Asia Tyres (Supreme Court of India)
Appeal Number : Civil Appeal No. 4370/2003
Date of Judgement/Order : 22/08/2015
Related Assessment Year :
Courts :
Supreme Court of India
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Brief of the case:
- The Hon’ble Supreme Court in the case of M/s Goodyear South Asia Tyres held that in order to brand two persons as relatives on the basis of mutuality of interest it is necessary to show that such interest is from both sides in the business of one another.
- Thus, the fact that assessee company is a joint venture of buyers and receiving certain assistance from buyers to smoothen its operations would not result in the interest of business of one another, at the best it is unilateral interest of buyer in the business of assessee company.
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