https://www.taxtmi.com/caselaws?id=286470 Penalty under the U.P. VAT Act was upheld where the appellate authorities found that the goods were supported by proper and genuine documents, duly recorded in the books of account, and not shown to be in excess. They also noted that no physical verification after unloading, expert examination, or trade comparison had been undertaken, and no satisfactory discrepancy in the goods was recorded. On those concurrent findings, the element of intention to evade tax was negatived, and the revision challenging the penalty was dismissed. en-us Mon, 07 Jul 2014 00:00:00 +0530 Thu, 27 Feb 2020 20:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286470 Penalty under the U.P. VAT Act was upheld where the appellate authorities found that the goods were supported by proper and genuine documents, duly recorded in the books of account, and not shown to be in excess. They also noted that no physical verification after unloading, expert examination, or trade comparison had been undertaken, and no satisfactory discrepancy in the goods was recorded. On those concurrent findings, the element of intention to evade tax was negatived, and the revision challenging the penalty was dismissed. Case-Laws VAT and Sales Tax Mon, 07 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286470