2003 (1) TMI 687 - HC - VAT and Sales Tax

Summary

The Allahabad High Court dismissed a revision filed under the U.P. Trade Tax Act, 1948, regarding an assessment for the year 1980-81. The dealer was manufacturing iron and steel items and held a valid recognition certificate. The court ruled that since the dealer had a valid certificate and the form issued for purchasing raw material was valid, the penalty under section 3-B was not justified. The Tribunal's decision to set aside the penalty was upheld, and the revision was dismissed.