https://www.taxtmi.com/caselaws?id=757757 Penalty under Punjab VAT transit-check provisions requires a real nexus between the material found and an actual attempt to evade tax; a mere comparison of invoice value with MRP or excise-duty-based valuation is insufficient to presume undervaluation. Where goods are bought earlier in the supply chain, future retail price cannot by itself establish evasion at the dealer's stage. The roadside checking officer also cannot conclusively decide valuation or tax liability where the dispute needs assessment by the assessing authority. The impugned penalty orders were therefore set aside in favour of the assessee. en-us Wed, 28 Aug 2024 00:00:00 +0530 Sat, 31 Aug 2024 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757757 Penalty under Punjab VAT transit-check provisions requires a real nexus between the material found and an actual attempt to evade tax; a mere comparison of invoice value with MRP or excise-duty-based valuation is insufficient to presume undervaluation. Where goods are bought earlier in the supply chain, future retail price cannot by itself establish evasion at the dealer's stage. The roadside checking officer also cannot conclusively decide valuation or tax liability where the dispute needs assessment by the assessing authority. The impugned penalty orders were therefore set aside in favour of the assessee. Case-Laws VAT and Sales Tax Wed, 28 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757757