2008 (7) TMI 903 - HC - VAT and Sales Tax

Summary

The Allahabad High Court upheld the Trade Tax Tribunal's decision to delete a penalty under section 13A(4) of the U.P. Trade Tax Act, 1948 for the assessment year 1992-93. The penalty was deleted because the transaction in question was duly recorded in the dealer's account books, meeting the requirements for penalty levy. The revision was dismissed with costs of Rs. 1,000.