https://www.taxtmi.com/caselaws?id=351514 CESTAT found confiscation of CR Sheets unsustainable where the assessee produced purchase evidence, the Revenue failed to reliably establish clandestine receipt from the manufacturer, and the purchase documents were not properly cross-verified with sellers. The cash seizure was also unsustainable because the cashbook showed an adequate opening balance and there was no finding that the amount represented proceeds of clandestine activity. As the personal penalty on the partner rested on the same foundation, it too failed. The confiscation and penalty orders were set aside, with consequential relief including return of the seized cash with interest. en-us Wed, 15 Nov 2017 00:00:00 +0530 Tue, 02 Jan 2018 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351514 CESTAT found confiscation of CR Sheets unsustainable where the assessee produced purchase evidence, the Revenue failed to reliably establish clandestine receipt from the manufacturer, and the purchase documents were not properly cross-verified with sellers. The cash seizure was also unsustainable because the cashbook showed an adequate opening balance and there was no finding that the amount represented proceeds of clandestine activity. As the personal penalty on the partner rested on the same foundation, it too failed. The confiscation and penalty orders were set aside, with consequential relief including return of the seized cash with interest. Case-Laws Central Excise Wed, 15 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351514