https://www.taxtmi.com/caselaws?id=292853 A penalty under the U.P. VAT Act could not be sustained on a bare allegation of use of "magic ink" in an import declaration form unless the authority recorded a specific finding that the ink would disappear, render the declaration illegible, or otherwise conceal the transaction. The material on record and the penalty order contained no such definite finding, and the Tribunal's deletion of penalty was supported by the record and existing precedent. The revision therefore failed, and the penalty deletion was upheld. en-us Mon, 05 Aug 2019 00:00:00 +0530 Sat, 09 Jan 2021 20:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292853 A penalty under the U.P. VAT Act could not be sustained on a bare allegation of use of "magic ink" in an import declaration form unless the authority recorded a specific finding that the ink would disappear, render the declaration illegible, or otherwise conceal the transaction. The material on record and the penalty order contained no such definite finding, and the Tribunal's deletion of penalty was supported by the record and existing precedent. The revision therefore failed, and the penalty deletion was upheld. Case-Laws VAT and Sales Tax Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292853