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2007 (9) TMI 595 - ALLAHABAD HIGH COURTPenalty under section 15A(1)(c) of the U.P. Trade Tax Act, 1948 deleted - Held that:- In the present case, perusal of the assessment order reveals that the adverse inference has been drawn after rejecting the explanation in respect of the stock found at the time of survey dated June 6, 1993 and exhibit 8, which was the note book. Tribunal having regard to the entire facts and circumstances held that the dealer had not concealed any turnover and accordingly, deleted the penalty. Learned Standing Counsel is not able to show anything to the contrary. In view of the above, revision is devoid of merit and is accordingly, dismissed.
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