https://www.taxtmi.com/caselaws?id=257242 Penalty under Section 14-B(7)(ii) of the Punjab General Sales Tax Act, 1948 was unsustainable where the goods were shown as returned to the principal after cancellation of agency, a credit note had been issued, and the assessing authority accepted the same bills and books of accounts during assessment. Once the supporting documents for the return of goods were verified and not found false or incorrect, the foundation for alleging movement without proper and genuine documents fell away. As no proved attempt to evade or avoid tax remained, the penalty could not be sustained. The penalty orders, together with the appellate and tribunal orders, were set aside and refund with interest was directed. en-us Mon, 15 Dec 2014 00:00:00 +0530 Wed, 14 Oct 2015 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257242 Penalty under Section 14-B(7)(ii) of the Punjab General Sales Tax Act, 1948 was unsustainable where the goods were shown as returned to the principal after cancellation of agency, a credit note had been issued, and the assessing authority accepted the same bills and books of accounts during assessment. Once the supporting documents for the return of goods were verified and not found false or incorrect, the foundation for alleging movement without proper and genuine documents fell away. As no proved attempt to evade or avoid tax remained, the penalty could not be sustained. The penalty orders, together with the appellate and tribunal orders, were set aside and refund with interest was directed. Case-Laws VAT and Sales Tax Mon, 15 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257242