TaxTMI 
TaxTMI 
2005 (9) TMI 558
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..... 1. Heard Shri K.K. Sanyal, JDR for the Revenue and Shri B.N. Chattopadhyay, Consultant for the Respondent. 2. Learned D.R. submits that in present case the seizure had been affected on the basis of specific information and in presence of two independent witnesses. The Panchnama was also drawn at the time of seizure, Shri Golak Ch. Kamilla could not produce any listed document in support of his....
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....ent has submitted their claim petition along with some documents of their legal acquisition of the seized gold and no action has been taken by the Department to refute the charges brought forward in the retraction by adducing fresh evidence or by proving the said documents as false. When the appellant has corroborated his retraction by submitting the documents regarding the proper purchase of the ....
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.... and since the abolition of Gold Control Act, 1968, the buyers and sellers of gold are not required to maintain the detail records including marks, numbers, etc., of their purchase or sale. In the grounds of appeal, the defence of the present appellant is that he had acquired the gold biscuits under seizure legally in course of his normal business from an authorised dealer under cover of proper ....
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.... shop owner. Made investigation at M/s. Jalan Co. Pvt. Ltd. where from the said shop used to purchase the gold bars. But the Department failed to obtain a final statement from M/s. Jalan Co. to the effect that the seized Australian gold biscuits had not been sold by them to M/s. Guinea Palace of Midnapore. He has also observed that the shop of Midnapore used to purchase gold bars from M/s. Indian ....