Just a moment...

Report
FeedbackReport
Welcome to TaxTMI

We're migrating from taxmanagementindia.com to taxtmi.com and wish to make this transition convenient for you. We welcome your feedback and suggestions. Please report any errors you encounter so we can address them promptly.

Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home /

2007 (3) TMI 564

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....]. - Heard the learned Advocate on behalf of Harish Chander. The appellants filed these appeals against the impugned order passed by the Commissioner (Appeals). 2. The brief facts of the case are that on 19-2-2001, 18 gold bars of foreign origin were recovered from the possession of Harish Chander, appellant and receipt regarding purchase of some gold was recovered from the possession of t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hereafter, show cause notice was issued to the present appellant as well as to Shri Badri Narain.The adjudicating authority confiscated the gold biscuits and imposed penalties. The Commissioner (Appeals) dismissed the appeal filed by the appellants. The contention of appellant is that the gold in question was duly purchased from M/s. Dhancholia Sons and the same has been entered in the books of ac....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....duly verified by the revenue and also shows the entries made in the books of account regarding the sale of this gold, therefore, the confiscation of and imposition of personal penalty is not justified. 5. The contention is also that verification report of Deputy Commissioner (Preventive) was not made available to appellant that the same was only mentioned in the show cause notice. 6. T....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he Judicial Magistrate on 2-3-2001 where he produced a bill issued by M/s. Dhancholia Sons Delhi regarding sale of 18 gold bars to appellant. The bill produced by the appellant was got verified by the Deputy Commissioner (Prev) and after due verification, the Deputy Commissioner of Customs reported that Shri Badri Narain, Prop. of Dhancholia Sons issued the bill in question regarding sale of 18 go....