Tribunal upholds decision: No fraud by assessee; appeal rejected

The Appellate Tribunal CESTAT MUMBAI affirmed the Commissioner (Appeals)'s decision that the respondent-assessee was not involved in a fraud where a consultant misappropriated funds by forging a bank's seal and signature. The appeal was rejected, and the cross objection was considered as withdrawn.

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The Appellate Tribunal CESTAT MUMBAI upheld the findings of the Commissioner (Appeals) that the respondent-assessee was not complicit in a fraud committed by a consultant who forged a bank's seal and signature to pocket money meant for depositing a TR-6 challan. The appeal was dismissed, and the cross objection was disposed of as not pressed.

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