https://www.taxtmi.com/caselaws?id=116445 The judgment sets aside the denial of Modvat credit and penalties imposed on the appellants. The court found the supplier's testimony insufficient to prove the allegations of bogus invoices, noting that invoices corresponding to goods received on the same date were genuine. Lack of evidence of non-receipt or non-utilization of goods led the court to rule in favor of the appellants, emphasizing the necessity of concrete proof in denying credit. The decision stresses the importance of thorough investigations and specific evidence in tax disputes to ensure fair treatment for taxpayers. en-us Mon, 11 Jul 2005 00:00:00 +0530 Tue, 12 Jun 2012 16:11:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116445 The judgment sets aside the denial of Modvat credit and penalties imposed on the appellants. The court found the supplier's testimony insufficient to prove the allegations of bogus invoices, noting that invoices corresponding to goods received on the same date were genuine. Lack of evidence of non-receipt or non-utilization of goods led the court to rule in favor of the appellants, emphasizing the necessity of concrete proof in denying credit. The decision stresses the importance of thorough investigations and specific evidence in tax disputes to ensure fair treatment for taxpayers. Case-Laws Central Excise Mon, 11 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116445