https://www.taxtmi.com/caselaws?id=186022 Leased capital goods credit could not be disallowed where the dispute was already treated as one of interpretation and no fraud, wilful misstatement or suppression was found, making the extended limitation period unavailable. The Tribunal also noted that the notice issued beyond the normal period could not sustain the demand, especially where duty-paying documents showed the goods were taken on lease. A mere change in the revenue's interpretation was insufficient to invoke the longer limitation, and the substituted Modvat-related rules and relied-upon notification did not support continuation of the disallowance proceedings. The Tribunal therefore followed its earlier decision in the same matter and rejected the revenue's challenge. en-us Mon, 10 Sep 2007 00:00:00 +0530 Tue, 15 Nov 2016 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186022 Leased capital goods credit could not be disallowed where the dispute was already treated as one of interpretation and no fraud, wilful misstatement or suppression was found, making the extended limitation period unavailable. The Tribunal also noted that the notice issued beyond the normal period could not sustain the demand, especially where duty-paying documents showed the goods were taken on lease. A mere change in the revenue's interpretation was insufficient to invoke the longer limitation, and the substituted Modvat-related rules and relied-upon notification did not support continuation of the disallowance proceedings. The Tribunal therefore followed its earlier decision in the same matter and rejected the revenue's challenge. Case-Laws Central Excise Mon, 10 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186022