https://www.taxtmi.com/caselaws?id=161968 A selling dealer cannot be denied concessional exemption merely because the purchasing dealer later cancelled registration, closed business, or maintained inconsistent internal records, where the statutory declaration forms were facially genuine and there is no proof of forgery, collusion, or lack of bona fides. Under the U.P. Trade Tax scheme, the seller must act prudently, but is not required to prove exhaustive enquiry into the purchaser's internal affairs. Where genuineness is disputed, the assessing authority must make proper enquiry and, if adverse material is relied on, afford cross-examination before drawing an adverse inference. On that basis, the adverse view against the assessee was legally unsustainable. en-us Mon, 20 Oct 2003 00:00:00 +0530 Fri, 05 Jul 2024 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161968 A selling dealer cannot be denied concessional exemption merely because the purchasing dealer later cancelled registration, closed business, or maintained inconsistent internal records, where the statutory declaration forms were facially genuine and there is no proof of forgery, collusion, or lack of bona fides. Under the U.P. Trade Tax scheme, the seller must act prudently, but is not required to prove exhaustive enquiry into the purchaser's internal affairs. Where genuineness is disputed, the assessing authority must make proper enquiry and, if adverse material is relied on, afford cross-examination before drawing an adverse inference. On that basis, the adverse view against the assessee was legally unsustainable. Case-Laws VAT and Sales Tax Mon, 20 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161968