https://www.taxtmi.com/caselaws?id=74171 A promptly retracted confession, standing without independent corroboration, was treated as insufficient to support confiscation or penalty under the Gold (Control) Act, 1968. The documentary material, including statutory accounts and voucher records, together with surrounding circumstances such as the prompt telegraphic retraction and related evidence, supported the defence that the gold ornaments were duly accounted for. Because the impugned action relied mainly on the spot statement and did not address the retraction or rebut the contemporaneous records, the alleged contravention was not established and the confiscation and penalties could not be sustained. en-us Fri, 01 Dec 1989 00:00:00 +0530 Tue, 07 Jun 2011 12:05:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74171 A promptly retracted confession, standing without independent corroboration, was treated as insufficient to support confiscation or penalty under the Gold (Control) Act, 1968. The documentary material, including statutory accounts and voucher records, together with surrounding circumstances such as the prompt telegraphic retraction and related evidence, supported the defence that the gold ornaments were duly accounted for. Because the impugned action relied mainly on the spot statement and did not address the retraction or rebut the contemporaneous records, the alleged contravention was not established and the confiscation and penalties could not be sustained. Case-Laws Indian Laws Fri, 01 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74171