https://www.taxtmi.com/caselaws?id=164703 The High Court upheld the decision to reject deductions claimed by the dealer under section 5(2)(a)(ii) of the Punjab General Sales Tax Act, due to sales made to non-existent or bogus dealers. The court ruled in favor of the Revenue, emphasizing the importance of verifying the legitimacy of transactions and dealers involved. The court also upheld the refusal to grant deductions under section 5(2)(a)(ii) based on lack of satisfactory evidence regarding the authenticity of printed forms used by dealers for purchases. Additionally, the court supported the imposition of interest under section 11D from a retrospective date, aligning with decisions on previous issues to prevent tax evasion and fraudulent practices in sales tax assessments. en-us Mon, 12 Jan 2009 00:00:00 +0530 Thu, 20 Nov 2014 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164703 The High Court upheld the decision to reject deductions claimed by the dealer under section 5(2)(a)(ii) of the Punjab General Sales Tax Act, due to sales made to non-existent or bogus dealers. The court ruled in favor of the Revenue, emphasizing the importance of verifying the legitimacy of transactions and dealers involved. The court also upheld the refusal to grant deductions under section 5(2)(a)(ii) based on lack of satisfactory evidence regarding the authenticity of printed forms used by dealers for purchases. Additionally, the court supported the imposition of interest under section 11D from a retrospective date, aligning with decisions on previous issues to prevent tax evasion and fraudulent practices in sales tax assessments. Case-Laws VAT and Sales Tax Mon, 12 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164703