https://www.taxtmi.com/caselaws?id=457436 A voluntary confession admitting receipt of money in India on instructions of a person resident outside India was treated as admissible, and the absence of retraction supported reliance on it. The Tribunal applied settled principles on confessions and held that corroboration need not cover every detail where the broad trend is supported by other material. It also found that the lack of joint proceedings against the third party did not make the documentary evidence unusable, especially when no satisfactory explanation was offered for the transaction records. The presumption under section 114 of the Indian Evidence Act, 1872 was applied, and the penalty was not found excessive in the circumstances. en-us Mon, 10 Nov 2008 00:00:00 +0530 Thu, 19 Sep 2024 17:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457436 A voluntary confession admitting receipt of money in India on instructions of a person resident outside India was treated as admissible, and the absence of retraction supported reliance on it. The Tribunal applied settled principles on confessions and held that corroboration need not cover every detail where the broad trend is supported by other material. It also found that the lack of joint proceedings against the third party did not make the documentary evidence unusable, especially when no satisfactory explanation was offered for the transaction records. The presumption under section 114 of the Indian Evidence Act, 1872 was applied, and the penalty was not found excessive in the circumstances. Case-Laws FEMA Mon, 10 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457436