https://www.taxtmi.com/caselaws?id=106239 Penalty on a Chartered Accountant firm for allegedly aiding and abetting an import transaction was found unsustainable because the record showed the consumption certificate was issued after examination of the books of account, production register, purchase bills and sales bills. A mere allegation that a high fee was charged was insufficient, by itself, to establish participation in the disputed import. In the absence of material evidence showing assistance to the importer, the penalty was set aside in favour of the assessee. en-us Thu, 11 Apr 2002 00:00:00 +0530 Tue, 13 Mar 2012 13:24:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106239 Penalty on a Chartered Accountant firm for allegedly aiding and abetting an import transaction was found unsustainable because the record showed the consumption certificate was issued after examination of the books of account, production register, purchase bills and sales bills. A mere allegation that a high fee was charged was insufficient, by itself, to establish participation in the disputed import. In the absence of material evidence showing assistance to the importer, the penalty was set aside in favour of the assessee. Case-Laws Customs Thu, 11 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106239