https://www.taxtmi.com/caselaws?id=355346 Penalty under the U.P. Trade Tax Act could not be restored where the first appellate authority had found that the transaction was supported by Form-C, reflected in the books, paid by cheque, and unaccompanied by prior misuse of Form-31. The Tribunal relied mainly on the possibility of misuse because Form-31 was incomplete and the cheque number was omitted, but it did not displace the appellate findings with cogent material. In the absence of a reasoned reversal of those facts and evidence showing an intention to evade tax, the penalty was unsustainable and the assessee succeeded. en-us Wed, 07 Feb 2018 00:00:00 +0530 Tue, 13 Feb 2018 06:18:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355346 Penalty under the U.P. Trade Tax Act could not be restored where the first appellate authority had found that the transaction was supported by Form-C, reflected in the books, paid by cheque, and unaccompanied by prior misuse of Form-31. The Tribunal relied mainly on the possibility of misuse because Form-31 was incomplete and the cheque number was omitted, but it did not displace the appellate findings with cogent material. In the absence of a reasoned reversal of those facts and evidence showing an intention to evade tax, the penalty was unsustainable and the assessee succeeded. Case-Laws VAT and Sales Tax Wed, 07 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355346