https://www.taxtmi.com/caselaws?id=333982 Section 3-B of the U.P. Trade Tax Act applies only where a false or wrong declaration is made, and not merely because finished goods are later stock transferred. The raw material was used to manufacture the notified goods for the declared purpose, so the concessional Form III-B declaration was not false or wrong and Section 3-B could not be invoked. Where the dealer later disposes of notified goods otherwise than in the prescribed manner, the specific consequence lies under Section 4-B(6). The Supreme Court therefore sustained the view in favour of the assessee and rejected the Revenue's attempt to proceed under Section 3-B. en-us Fri, 28 Oct 2016 00:00:00 +0530 Sat, 17 Mar 2018 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333982 Section 3-B of the U.P. Trade Tax Act applies only where a false or wrong declaration is made, and not merely because finished goods are later stock transferred. The raw material was used to manufacture the notified goods for the declared purpose, so the concessional Form III-B declaration was not false or wrong and Section 3-B could not be invoked. Where the dealer later disposes of notified goods otherwise than in the prescribed manner, the specific consequence lies under Section 4-B(6). The Supreme Court therefore sustained the view in favour of the assessee and rejected the Revenue's attempt to proceed under Section 3-B. Case-Laws VAT and Sales Tax Fri, 28 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333982