https://www.taxtmi.com/caselaws?id=332663 Penalty for falsely or fraudulently claiming input tax credit could not be upheld where the Tribunal ignored material evidence showing the assessee had produced tax invoices, transportation bills and purchase accounts. The omitted documents were relevant to whether the credit claim was genuine and whether fraud or falsity could be inferred under the U.P. VAT Act. Because the Tribunal reversed the first appellate authority mainly on the basis of a survey finding about the selling dealer, without examining this evidence, its reasoning was unsustainable. The matter was therefore required to be reconsidered afresh by the Tribunal. en-us Fri, 02 Sep 2016 00:00:00 +0530 Thu, 22 Sep 2016 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332663 Penalty for falsely or fraudulently claiming input tax credit could not be upheld where the Tribunal ignored material evidence showing the assessee had produced tax invoices, transportation bills and purchase accounts. The omitted documents were relevant to whether the credit claim was genuine and whether fraud or falsity could be inferred under the U.P. VAT Act. Because the Tribunal reversed the first appellate authority mainly on the basis of a survey finding about the selling dealer, without examining this evidence, its reasoning was unsustainable. The matter was therefore required to be reconsidered afresh by the Tribunal. Case-Laws VAT and Sales Tax Fri, 02 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332663