https://www.taxtmi.com/caselaws?id=166719 Higher electricity consumption alone is not a reliable basis to estimate clandestine removal of steel ingots, and unexplained income in balance sheets cannot be treated as sale proceeds unless records or other material link it to the alleged removal. Where adverse findings rest on incriminating third-party statements, the revenue must produce those statements and make the investigating officer available for cross-examination; otherwise reliance on that material is impermissible. The extended period of limitation cannot be invoked unless mis-statement, suppression of facts or fraud is specifically pleaded and established. The Supreme Court dismissed the special leave petition, leaving these High Court conclusions undisturbed. en-us Mon, 31 Jan 2011 00:00:00 +0530 Sun, 27 Dec 2015 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166719 Higher electricity consumption alone is not a reliable basis to estimate clandestine removal of steel ingots, and unexplained income in balance sheets cannot be treated as sale proceeds unless records or other material link it to the alleged removal. Where adverse findings rest on incriminating third-party statements, the revenue must produce those statements and make the investigating officer available for cross-examination; otherwise reliance on that material is impermissible. The extended period of limitation cannot be invoked unless mis-statement, suppression of facts or fraud is specifically pleaded and established. The Supreme Court dismissed the special leave petition, leaving these High Court conclusions undisturbed. Case-Laws Central Excise Mon, 31 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166719