Penalty can’t be levied on a Bonafide Dealer for purchasing Goods from Dealer whose VAT Registration was subsequently Cancelled: Allahabad HC

The Allahabad High Court has recently held that a bonafide dealer cannot be punished for making purchases with a dealer whose registration was subsequently cancelled by the department under the UP Value Added Tax Act. In the instant case, the assessee- Company purchased sand from another entity. After the purchase, the department cancelled the registration […]

The post Penalty can’t be levied on a Bonafide Dealer for purchasing Goods from Dealer whose VAT Registration was subsequently Cancelled: Allahabad HC appeared first on Taxscan | Simplifying Tax Laws.

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