https://www.taxtmi.com/caselaws?id=83269 Penalties could not be sustained where the only incriminating material was a co-accused's statement linking the appellant to the gold, because that statement was retracted and remained uncorroborated by independent evidence. The co-accused gave inconsistent versions, and the appellant denied the allegation. In the absence of reliable corroboration, the statement alone was held insufficient to establish the appellant's involvement or support liability, so the evidentiary basis for both penalties failed. en-us Mon, 30 May 1994 00:00:00 +0530 Tue, 12 Jul 2011 12:37:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83269 Penalties could not be sustained where the only incriminating material was a co-accused's statement linking the appellant to the gold, because that statement was retracted and remained uncorroborated by independent evidence. The co-accused gave inconsistent versions, and the appellant denied the allegation. In the absence of reliable corroboration, the statement alone was held insufficient to establish the appellant's involvement or support liability, so the evidentiary basis for both penalties failed. Case-Laws Customs Mon, 30 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83269