https://www.taxtmi.com/caselaws?id=388574 The High Court of Allahabad disposed of the revision filed against the penalty imposed under Section 13-A(4) of the U.P. Trade Tax Act, 1948. The Court ruled in favor of the assessee, holding that the penalty could not be imposed solely based on overwriting on Form-49 without any discrepancies in goods or accounts noted during physical verification. As no inconsistencies were found in the physical verification of goods, bills, or accounts, it was determined that the goods were properly accounted for, leading to a judgment against the revenue authorities. en-us Wed, 06 Nov 2019 00:00:00 +0530 Tue, 19 Nov 2019 10:48:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388574 The High Court of Allahabad disposed of the revision filed against the penalty imposed under Section 13-A(4) of the U.P. Trade Tax Act, 1948. The Court ruled in favor of the assessee, holding that the penalty could not be imposed solely based on overwriting on Form-49 without any discrepancies in goods or accounts noted during physical verification. As no inconsistencies were found in the physical verification of goods, bills, or accounts, it was determined that the goods were properly accounted for, leading to a judgment against the revenue authorities. Case-Laws VAT and Sales Tax Wed, 06 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388574