TaxTMI 
TaxTMI 
2018 (7) TMI 841
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....fter rejecting the request for adjournment, I proceed to decide the appeal itself and accordingly heard the learned AR. 2. As per facts on record/ the appellant is engaged in the manufacture of steel ingots. Certain investigations were made in the premises of two dealers M/s Monu Steels and M/s Gopal Traders and based upon the entries made in their records, a view was entertained that the appella....
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....s no investigation at the appellant's end except recording of the statement of the Director, which is exculpatory. Revenue instead of referring to the appellant's statement has chosen to rely upon the statement of dealer's representative without there being any corroborative evidence and has confirmed the demand only on the basis of the third party's records and evidences. 5. Lear....
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....se of Raipur Forging Pvt. Ltd. - 2016 (335) ELT 297 (Tribunal-Delhi), wherein it was held that recovery of private records from the offices of the assessee, as admitted by the Director and confirmed by the buyer, who used them for manufacture of unaccounted final products, cannot be held to be sufficient evidences in the absence of any further inquiry/verification done regarding transportation, ac....