https://www.taxtmi.com/caselaws?id=151354 Penalty under section 15-A(1)(b) of the U.P. Sales Tax Act is to be computed by reference to the tax that would have escaped assessment if the dealer's returned turnover had been accepted as correct, not merely by the amount of concealed turnover in the books. The provision authorises penalty for concealment or inaccurate particulars, and its maximum is linked to one and a half times the avoided tax. Applying the construction adopted for the analogous Income-tax Act provision, the revising authority's reduction of the penalty on the wrong basis was unsustainable. en-us Mon, 20 Sep 1976 00:00:00 +0530 Tue, 04 Jun 2013 18:29:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151354 Penalty under section 15-A(1)(b) of the U.P. Sales Tax Act is to be computed by reference to the tax that would have escaped assessment if the dealer's returned turnover had been accepted as correct, not merely by the amount of concealed turnover in the books. The provision authorises penalty for concealment or inaccurate particulars, and its maximum is linked to one and a half times the avoided tax. Applying the construction adopted for the analogous Income-tax Act provision, the revising authority's reduction of the penalty on the wrong basis was unsustainable. Case-Laws VAT and Sales Tax Mon, 20 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151354