https://www.taxtmi.com/caselaws?id=235440 Extended limitation could not be invoked where the assessee had informed the jurisdictional Deputy Commissioner before taking credit and had reflected the credit in statutory records and returns. The dispute concerned CENVAT credit on inputs used in fabrication of capital goods and on tow trucks, and the issue was subject to conflicting Tribunal and High Court views. In the absence of suppression of facts, the demand was barred by limitation, and the related denial of credit and penalty could not be sustained. en-us Mon, 01 Jul 2013 00:00:00 +0530 Wed, 24 Jul 2013 08:04:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235440 Extended limitation could not be invoked where the assessee had informed the jurisdictional Deputy Commissioner before taking credit and had reflected the credit in statutory records and returns. The dispute concerned CENVAT credit on inputs used in fabrication of capital goods and on tow trucks, and the issue was subject to conflicting Tribunal and High Court views. In the absence of suppression of facts, the demand was barred by limitation, and the related denial of credit and penalty could not be sustained. Case-Laws Central Excise Mon, 01 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235440