TaxTMI 
TaxTMI 
2015 (3) TMI 1072
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....had seized the fake Indian currency notes worth Rs. 14.99 lakhs from Shri Mohammad A.T. and the appellant Shri N.P. Thafsal, of Tellicherry on 19/06/2007 while they were travelling in a Wagon R car bearing registration No. KL 13M 2675 near to Cheruvanoor Co.-op Bank, Calicut. Shri N.P. Thahir was the owner of the said vehicle and he had already permitted his brother Shri N.P. Thafsal to use the ve....
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....ruvanoor and collected the carton. Shortly thereafter the Wagon R car in which Mohammed AT and Thafsal were travelling was intercepted by the DRI officers and recovered the cardboard containing the fake currency notes. Proceedings were initiated against 5 persons, among whom appellant also one, culminated in imposition of penalty of Rs. 2 lakhs. Aggrieved by imposition of penalty, the appellant ha....
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....he time limit to seek such leave is over. 3. After hearing both the sides and going through the records, I find that the Hon'ble Court in paragraph 27 of the order made the following observation:- 27. It is true that third accused was driving the car which contained the cardboard carton containing counterfeit currencies in which the second accused was also travelling. But Ext. P.5 statement....