https://www.taxtmi.com/caselaws?id=247675 The Tribunal reduced the penalty imposed on the appellant to Rs.10 lakhs but the appellant challenged the decision, arguing that the penalty was based on a retracted confessional statement without independent corroboration. The appellant also contended that the denial of cross-examination of co-noticees violated the principles of natural justice. Despite the retraction of the statement, the court found no prejudice to the appellant as there was independent material supporting the charges. Consequently, the appeal was dismissed as no substantial question of law was raised, and the penalty order was upheld. en-us Fri, 04 Apr 2014 00:00:00 +0530 Fri, 14 Nov 2014 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247675 The Tribunal reduced the penalty imposed on the appellant to Rs.10 lakhs but the appellant challenged the decision, arguing that the penalty was based on a retracted confessional statement without independent corroboration. The appellant also contended that the denial of cross-examination of co-noticees violated the principles of natural justice. Despite the retraction of the statement, the court found no prejudice to the appellant as there was independent material supporting the charges. Consequently, the appeal was dismissed as no substantial question of law was raised, and the penalty order was upheld. Case-Laws Customs Fri, 04 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247675