https://www.taxtmi.com/caselaws?id=164349 The revision against the Tribunal's decision in Appeal No. 332 of 1992 for the penalty under section 4B(5) of the U.P. Trade Tax Act, 1948 was allowed. The dealer's disposal of raw material purchased at a concessional rate for purposes other than specified goods led to the imposition of penalty under section 4B(5). The Tribunal's decision to set aside the penalty order was found unjustifiable, and the case was remitted for calculating the minimum penalty amount, emphasizing compliance with tax laws and proper utilization of raw materials as required by the Act. en-us Wed, 20 Aug 2008 00:00:00 +0530 Mon, 01 Dec 2014 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164349 The revision against the Tribunal's decision in Appeal No. 332 of 1992 for the penalty under section 4B(5) of the U.P. Trade Tax Act, 1948 was allowed. The dealer's disposal of raw material purchased at a concessional rate for purposes other than specified goods led to the imposition of penalty under section 4B(5). The Tribunal's decision to set aside the penalty order was found unjustifiable, and the case was remitted for calculating the minimum penalty amount, emphasizing compliance with tax laws and proper utilization of raw materials as required by the Act. Case-Laws VAT and Sales Tax Wed, 20 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164349