https://www.taxtmi.com/caselaws?id=163847 Penalty for failure to obtain registration under section 15A(1)(g) of the U.P. Trade Tax Act, 1948 was examined in light of the assessee's disclosed turnover being below the taxable limit and its claim of bona fide belief that registration was not required. The survey-based statement was promptly disputed, no direction to apply for registration followed, and no provisional assessment was made on the survey material. Although the final turnover was later enhanced by best judgment assessment, that enhancement did not by itself displace the explanation of genuine belief. On those facts, the penalty was treated as unjustified and liable to be quashed. en-us Fri, 30 Mar 2007 00:00:00 +0530 Fri, 11 Apr 2014 17:20:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163847 Penalty for failure to obtain registration under section 15A(1)(g) of the U.P. Trade Tax Act, 1948 was examined in light of the assessee's disclosed turnover being below the taxable limit and its claim of bona fide belief that registration was not required. The survey-based statement was promptly disputed, no direction to apply for registration followed, and no provisional assessment was made on the survey material. Although the final turnover was later enhanced by best judgment assessment, that enhancement did not by itself displace the explanation of genuine belief. On those facts, the penalty was treated as unjustified and liable to be quashed. Case-Laws VAT and Sales Tax Fri, 30 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163847