https://www.taxtmi.com/caselaws?id=236814 The Tribunal upheld the Commissioner's decision, rejecting the department's appeals against the order setting aside the confiscation of gold and penalties imposed on the respondents. The Tribunal found that the evidence presented by the respondents, including documentation related to the procurement of gold bars, supported their claim that the seized gold was part of a genuine transaction. Additionally, the Tribunal determined that the department failed to provide sufficient evidence of the illicit nature of the gold, leading to the benefit of doubt being given to the respondents. en-us Fri, 01 Jun 2012 00:00:00 +0530 Mon, 09 Sep 2013 10:27:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236814 The Tribunal upheld the Commissioner's decision, rejecting the department's appeals against the order setting aside the confiscation of gold and penalties imposed on the respondents. The Tribunal found that the evidence presented by the respondents, including documentation related to the procurement of gold bars, supported their claim that the seized gold was part of a genuine transaction. Additionally, the Tribunal determined that the department failed to provide sufficient evidence of the illicit nature of the gold, leading to the benefit of doubt being given to the respondents. Case-Laws Customs Fri, 01 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236814