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2011 (2) TMI 136 - PUNJAB AND HARYANA HIGH COURTAppeal u/s 35G - Clandestine removal - Amount of ₹ 1,45,000/- cash seized - Penalty - There cannot be any presumption or suspicion for an arbitrarily taxation without any cogent evidence being brought on record - A perusal of impugned orders shows that there is concurrent finding of fact recorded by the Commissioner and the Tribunal that there was nothing to show that the amount of cash seized represented clandestine sale of excisable goods - decided in the favour of the assessee
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