https://www.taxtmi.com/caselaws?id=370009 The Tribunal allowed the appeal, setting aside the demand and penalty imposed on the appellant. The extended period for demand was deemed not rightly invoked as there was no evidence of intent to evade duty, and the transactions were transparently recorded. The Tribunal emphasized that for the extended period to apply, there must be proof of fraud or willful suppression, which was lacking in this case. Therefore, the demand and penalty were both set aside based on the ground of limitation. en-us Thu, 01 Nov 2018 00:00:00 +0530 Wed, 07 Nov 2018 09:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370009 The Tribunal allowed the appeal, setting aside the demand and penalty imposed on the appellant. The extended period for demand was deemed not rightly invoked as there was no evidence of intent to evade duty, and the transactions were transparently recorded. The Tribunal emphasized that for the extended period to apply, there must be proof of fraud or willful suppression, which was lacking in this case. Therefore, the demand and penalty were both set aside based on the ground of limitation. Case-Laws Central Excise Thu, 01 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370009