https://www.taxtmi.com/caselaws?id=165419 Penalty under section 4B(5) of the U.P. Trade Tax Act was confined to cases where goods purchased at concessional rate or without tax were used for a different purpose than that covered by the recognition certificate, or were otherwise disposed of. Where raw material obtained against Form IIIB was used in job-work manufacture of cycle parts, and the end-product remained within the scope of the certificate issued for manufacture of cycle and moped parts, there was no diversion to an unauthorised purpose. Penalty was therefore not attracted and was liable to be deleted. en-us Fri, 22 Oct 2010 00:00:00 +0530 Fri, 04 Jul 2014 14:39:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165419 Penalty under section 4B(5) of the U.P. Trade Tax Act was confined to cases where goods purchased at concessional rate or without tax were used for a different purpose than that covered by the recognition certificate, or were otherwise disposed of. Where raw material obtained against Form IIIB was used in job-work manufacture of cycle parts, and the end-product remained within the scope of the certificate issued for manufacture of cycle and moped parts, there was no diversion to an unauthorised purpose. Penalty was therefore not attracted and was liable to be deleted. Case-Laws VAT and Sales Tax Fri, 22 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165419