https://www.taxtmi.com/caselaws?id=51553 Penalties for alleged clandestine receipt and removal of goods cannot be sustained on the basis of an uncross-examined third-party statement, private diary entries or loose papers alone. The department produced no independent corroboration such as invoices, gate passes, transport records, buyer statements or recovered goods, and the search at the assessee's premises yielded no incriminating material. In the absence of tested and cogent evidence, adverse findings cannot rest on conjecture or assumption. The penalties were therefore set aside. en-us Fri, 20 Sep 2002 00:00:00 +0530 Tue, 30 Sep 2025 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51553 Penalties for alleged clandestine receipt and removal of goods cannot be sustained on the basis of an uncross-examined third-party statement, private diary entries or loose papers alone. The department produced no independent corroboration such as invoices, gate passes, transport records, buyer statements or recovered goods, and the search at the assessee's premises yielded no incriminating material. In the absence of tested and cogent evidence, adverse findings cannot rest on conjecture or assumption. The penalties were therefore set aside. Case-Laws Central Excise Fri, 20 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51553