https://www.taxtmi.com/caselaws?id=163415 Penalty for intercepted goods alleged to involve tax evasion could not be sustained where the transport documents, the assessee's explanation, and the surrounding commercial circumstances were not fully assessed. The record showed indicia linking the goods to the assessee, including registration numbers and a reference to stock transfer advice, while the explanation of movement within a stock transfer chain tied to export-oriented business was not properly reconciled. Because the factual matrix and further producible documents were not adequately considered, the finding of attempted evasion was incomplete. The matter therefore required fresh adjudication in accordance with law. en-us Thu, 10 Apr 2003 00:00:00 +0530 Wed, 02 Apr 2014 13:03:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163415 Penalty for intercepted goods alleged to involve tax evasion could not be sustained where the transport documents, the assessee's explanation, and the surrounding commercial circumstances were not fully assessed. The record showed indicia linking the goods to the assessee, including registration numbers and a reference to stock transfer advice, while the explanation of movement within a stock transfer chain tied to export-oriented business was not properly reconciled. Because the factual matrix and further producible documents were not adequately considered, the finding of attempted evasion was incomplete. The matter therefore required fresh adjudication in accordance with law. Case-Laws VAT and Sales Tax Thu, 10 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163415