https://www.taxtmi.com/caselaws?id=243937 Penalty under the U.P. Trade Tax Act was treated as unsustainable where the assessee had disclosed purchases, been assessed under the compounding scheme, and there was no rejection of books, concealment, revenue loss, or evidence of evasion. The only defaults were non-production of Form 31 at check posts and delayed intimation to the department, which were characterised as technical lapses. In the absence of mala fide intent or concealment, the penalty provision was held inapplicable and the penalty cancelled. en-us Mon, 07 May 2012 00:00:00 +0530 Thu, 31 Jul 2014 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243937 Penalty under the U.P. Trade Tax Act was treated as unsustainable where the assessee had disclosed purchases, been assessed under the compounding scheme, and there was no rejection of books, concealment, revenue loss, or evidence of evasion. The only defaults were non-production of Form 31 at check posts and delayed intimation to the department, which were characterised as technical lapses. In the absence of mala fide intent or concealment, the penalty provision was held inapplicable and the penalty cancelled. Case-Laws VAT and Sales Tax Mon, 07 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243937