Individuals not involved in fraud can avoid penalties but still face extended limitation periods, says revenue authority. https://www.taxtmi.com/highlights?id=7418 Strangely, the revenue authority was of the opinion that a person who is not party to a fraud or collusion or wilful mis-statement, may avoid penal consequences but not extended period of limitation. - HC en-us Mon, 15 Apr 2013 12:24:30 +0530 Mon, 15 Apr 2013 12:24:30 +0530 TaxTMI RSS Generator Individuals not involved in fraud can avoid penalties but still face extended limitation periods, says revenue authority. https://www.taxtmi.com/highlights?id=7418 Strangely, the revenue authority was of the opinion that a person who is not party to a fraud or collusion or wilful mis-statement, may avoid penal consequences but not extended period of limitation. - HC Highlights Central Excise Mon, 15 Apr 2013 12:24:30 +0530 https://www.taxtmi.com/highlights?id=7418