https://www.taxtmi.com/caselaws?id=336467 Suppression of material facts justified invocation of the extended period of limitation and penalties where wagons supplied for oil companies were not disclosed as such in the returns. The demand on merits was not disputed; the controversy was confined to limitation and penalty. Contract terms and correspondence showed that the supplies were meant for oil companies, but that fact was withheld from the department, and the claimed bona fide belief about exemption was not accepted because the contractual clauses were too general to support it. On these facts, the department was unaware of the true nature of the clearances, so the extended period and consequential penalties were upheld. en-us Tue, 20 Sep 2016 00:00:00 +0530 Mon, 06 Feb 2017 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336467 Suppression of material facts justified invocation of the extended period of limitation and penalties where wagons supplied for oil companies were not disclosed as such in the returns. The demand on merits was not disputed; the controversy was confined to limitation and penalty. Contract terms and correspondence showed that the supplies were meant for oil companies, but that fact was withheld from the department, and the claimed bona fide belief about exemption was not accepted because the contractual clauses were too general to support it. On these facts, the department was unaware of the true nature of the clearances, so the extended period and consequential penalties were upheld. Case-Laws Central Excise Tue, 20 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336467