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<h1>Penalty under U.P. Trade Tax Act set aside, Tribunal to reconsider.</h1> The High Court set aside the penalty imposed under section 15-A(1) of the U.P. Trade Tax Act, 1948 against M/s. R.K. Industries, directing the Tribunal to ... - The High Court of Allahabad heard a revision filed by M/s. R.K. Industries against a penalty imposed under section 15-A(1) of the U.P. Trade Tax Act, 1948. The Tribunal upheld the penalty, but the High Court set aside the order and directed the Tribunal to decide the appeal afresh in accordance with the law. The revision was allowed.
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