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2018 (1) TMI 1582 - AT - Central ExciseValuation - undervaluation - Revenue entertained a view that the assessable value of appellant’s goods was on the lower side whereas the goods was being sold at higher price and the differential amount was being reflected in the balance sheet as income arising out of Share Trading - HELD THAT:- The revenue in the present appeal has not produced any evidence on record to show that such extra income shown by the respondent in their balance sheet was on account of any under valuation activities of their final products. In the absence of any evidence on record, the revenue’s allegation cannot be upheld. No infirmity is found in the impugned order of Commissioner (Appeals) - appeal dismissed - decided against Revenue.
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