https://www.taxtmi.com/caselaws?id=402717 Material undervaluation of goods in an invoice, compared with the value found on physical verification during transit, can justify penalty where the discrepancy supports an inference of intent to evade tax. The explanation offered by the dealer was inconsistent at different stages and the later document relied on to reconcile the mismatch was treated as an afterthought, not a mere clerical or technical error. Earlier authorities cited on incomplete forms or non-material discrepancies were distinguished because they did not affect taxable value. On these facts, the penalty under the Uttar Pradesh VAT Act was upheld and the challenge failed. en-us Tue, 05 Jan 2021 00:00:00 +0530 Mon, 11 Jan 2021 08:04:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402717 Material undervaluation of goods in an invoice, compared with the value found on physical verification during transit, can justify penalty where the discrepancy supports an inference of intent to evade tax. The explanation offered by the dealer was inconsistent at different stages and the later document relied on to reconcile the mismatch was treated as an afterthought, not a mere clerical or technical error. Earlier authorities cited on incomplete forms or non-material discrepancies were distinguished because they did not affect taxable value. On these facts, the penalty under the Uttar Pradesh VAT Act was upheld and the challenge failed. Case-Laws VAT and Sales Tax Tue, 05 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402717