2009 (7) TMI 831

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..... clearance figures of finished products from the factory – Held that: - It is settled law that such presumption is not permissible - misplaced in the absence of any corroborating, reliable and independent evidence - application for stay rejected.
Subhro Kamal Mukherjee and Sankar Prasad Mitra, JJ. REPRESENTED BY : Shri R. Bharadwaj, Advocate, for the Appellant. Shri N.K. Chowdhury, Advocate, .....

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..... l below was right in rejecting the contention of the revenue and in accepting the contention of the assessee. Therefore, the appeal is summarily dismissed. 3.In view of the dismissal of the appeal, the application for stay stands rejected. 4.We make no order as to costs. 5.All parties concerned are to act on a signed xerox copy of this order on the usual undertakings.
Case laws, Decisions, .....

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