https://www.taxtmi.com/caselaws?id=274761 The High Court upheld the revisionist's appeal, setting aside the Tribunal's order that had overturned the Deputy Commissioner (Appeals)'s decision. The Court found that the penalty imposed under Section 13A(4) of the U.P. Trade Tax Act was unwarranted as the dealer had properly reflected the transaction in their books of account. The Court also noted that the challan irregularities were permissible under the law applicable at the time of the transaction in 1996-97. Therefore, the Tribunal's decision was deemed based on conjectures and not factual findings, leading to the High Court allowing the revision and overturning the Tribunal's order. en-us Thu, 06 Jul 2017 00:00:00 +0530 Tue, 06 Nov 2018 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274761 The High Court upheld the revisionist's appeal, setting aside the Tribunal's order that had overturned the Deputy Commissioner (Appeals)'s decision. The Court found that the penalty imposed under Section 13A(4) of the U.P. Trade Tax Act was unwarranted as the dealer had properly reflected the transaction in their books of account. The Court also noted that the challan irregularities were permissible under the law applicable at the time of the transaction in 1996-97. Therefore, the Tribunal's decision was deemed based on conjectures and not factual findings, leading to the High Court allowing the revision and overturning the Tribunal's order. Case-Laws VAT and Sales Tax Thu, 06 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274761