https://www.taxtmi.com/caselaws?id=388574 Penalty under the U.P. Trade Tax Act could not be sustained merely because Form-49 contained overwriting where the bill and bilty accompanied the goods, physical verification disclosed no discrepancy, and the books of account showed no infirmity. The transport form irregularity, by itself, was insufficient to treat the goods as improperly accounted for when the supporting documents were verified and the accounts were produced at the penalty stage. On those facts, the penalty was held unsustainable and the issue was answered in favour of the assessee. 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 Penalty under the U.P. Trade Tax Act could not be sustained merely because Form-49 contained overwriting where the bill and bilty accompanied the goods, physical verification disclosed no discrepancy, and the books of account showed no infirmity. The transport form irregularity, by itself, was insufficient to treat the goods as improperly accounted for when the supporting documents were verified and the accounts were produced at the penalty stage. On those facts, the penalty was held unsustainable and the issue was answered in favour of the assessee. Case-Laws VAT and Sales Tax Wed, 06 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388574