https://www.taxtmi.com/caselaws?id=759962 CESTAT Ahmedabad held that revenue could not sustain central excise demands for alleged undervaluation and clandestine clearances of PTY where the investigation, show cause notices and evidence were materially identical to earlier decided matters. The department had relied on bank statements, stock statements and statements recorded in a different context, but produced no independent corroborative evidence of actual undervaluation or flow back of additional consideration. As no distinguishing facts were shown and the earlier decisions on the same matrix had already gone in favour of the assessee, the adjudication orders dropping the proceedings were upheld and the revenue appeals were dismissed. en-us Thu, 10 Oct 2024 00:00:00 +0530 Fri, 11 Oct 2024 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759962 CESTAT Ahmedabad held that revenue could not sustain central excise demands for alleged undervaluation and clandestine clearances of PTY where the investigation, show cause notices and evidence were materially identical to earlier decided matters. The department had relied on bank statements, stock statements and statements recorded in a different context, but produced no independent corroborative evidence of actual undervaluation or flow back of additional consideration. As no distinguishing facts were shown and the earlier decisions on the same matrix had already gone in favour of the assessee, the adjudication orders dropping the proceedings were upheld and the revenue appeals were dismissed. Case-Laws Central Excise Thu, 10 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759962