https://www.taxtmi.com/article/detailed?id=5969 Absence of malafide intent in respect of penalty findings negates the basis for invoking extended limitation; when an assessee establishes a bonafide belief in entitlement to an exemption and pays tax and interest before issuance of a show cause notice, that factual posture undermines any separate finding of malafide relied upon to extend the period of limitation. en-us Thu, 25 Dec 2014 10:37:29 +0530 Thu, 25 Dec 2014 10:37:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5969 Absence of malafide intent in respect of penalty findings negates the basis for invoking extended limitation; when an assessee establishes a bonafide belief in entitlement to an exemption and pays tax and interest before issuance of a show cause notice, that factual posture undermines any separate finding of malafide relied upon to extend the period of limitation. Articles Service Tax Thu, 25 Dec 2014 10:37:29 +0530 https://www.taxtmi.com/article/detailed?id=5969