https://www.taxtmi.com/caselaws?id=264945 The court upheld the authority's decision to demand security for the release of goods, dismissing the revision challenging the seizure and security demand. The applicant failed to establish the genuineness of the transaction, with evidence of willful suppression of facts and tax evasion through manipulated documents. Despite non-compliance with court orders to submit relevant documents, the court imposed costs on the applicant and directed the competent authority to pass a penalty order for tax evasion. The judgment emphasized the significance of disclosing accurate information and complying with legal procedures. en-us Thu, 28 Aug 2014 00:00:00 +0530 Sun, 04 Oct 2015 12:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264945 The court upheld the authority's decision to demand security for the release of goods, dismissing the revision challenging the seizure and security demand. The applicant failed to establish the genuineness of the transaction, with evidence of willful suppression of facts and tax evasion through manipulated documents. Despite non-compliance with court orders to submit relevant documents, the court imposed costs on the applicant and directed the competent authority to pass a penalty order for tax evasion. The judgment emphasized the significance of disclosing accurate information and complying with legal procedures. Case-Laws VAT and Sales Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264945