https://www.taxtmi.com/caselaws?id=50842 The Appellate Tribunal CEGAT, Kolkata overturned a personal penalty of Rs. 1,00,000 imposed on the appellant due to lack of evidence other than the uncorroborated statement of co-accused. The tribunal found that such statements cannot be sole basis for penalty imposition. The appeal was allowed, and the penalty was set aside. en-us Wed, 26 Sep 2001 00:00:00 +0530 Fri, 17 Sep 2010 16:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50842 The Appellate Tribunal CEGAT, Kolkata overturned a personal penalty of Rs. 1,00,000 imposed on the appellant due to lack of evidence other than the uncorroborated statement of co-accused. The tribunal found that such statements cannot be sole basis for penalty imposition. The appeal was allowed, and the penalty was set aside. Case-Laws Customs Wed, 26 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50842