https://www.taxtmi.com/caselaws?id=72250 Seized account books showing gold transactions were treated as credible evidence unless the applicant proved the entries fictitious, because facts within a party's special knowledge may attract an adverse inference under sections 106 and 114 of the Evidence Act. Penalty under section 74 of the Gold (Control) Act was sustained on the factual finding of clandestine transactions, and a separate valuation of the gold was not treated as essential. Statements recorded under section 70 were held admissible, while alleged coercion required proof by the person asserting it. Retention of seized books beyond the prescribed period did not by itself make them inadmissible, and contravention of section 27(1) was found from the account entries. en-us Tue, 23 Jul 1985 00:00:00 +0530 Wed, 25 Jan 2012 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72250 Seized account books showing gold transactions were treated as credible evidence unless the applicant proved the entries fictitious, because facts within a party's special knowledge may attract an adverse inference under sections 106 and 114 of the Evidence Act. Penalty under section 74 of the Gold (Control) Act was sustained on the factual finding of clandestine transactions, and a separate valuation of the gold was not treated as essential. Statements recorded under section 70 were held admissible, while alleged coercion required proof by the person asserting it. Retention of seized books beyond the prescribed period did not by itself make them inadmissible, and contravention of section 27(1) was found from the account entries. Case-Laws Central Excise Tue, 23 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72250