https://www.taxtmi.com/caselaws?id=432988 The Court set aside the Tribunal's order imposing a penalty under Section 54(1)(14) of the U.P. VAT Act, emphasizing the necessity of concrete evidence to support penalty imposition. The Court found that penalty proceedings initiated based on presumptions and the truck driver's statement alone were unjustified, especially when all required documents were in order when the goods were intercepted. The Court criticized the taxing department for relying solely on the driver's statement without substantial evidence of tax evasion intent. Consequently, the penalty imposition was deemed unwarranted, and the revision in favor of the assessee was allowed. en-us Tue, 10 Jan 2023 00:00:00 +0530 Thu, 19 Jan 2023 08:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432988 The Court set aside the Tribunal's order imposing a penalty under Section 54(1)(14) of the U.P. VAT Act, emphasizing the necessity of concrete evidence to support penalty imposition. The Court found that penalty proceedings initiated based on presumptions and the truck driver's statement alone were unjustified, especially when all required documents were in order when the goods were intercepted. The Court criticized the taxing department for relying solely on the driver's statement without substantial evidence of tax evasion intent. Consequently, the penalty imposition was deemed unwarranted, and the revision in favor of the assessee was allowed. Case-Laws VAT and Sales Tax Tue, 10 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432988