Court Rejects Extended Limitation Due to Lack of Evidence in Cloth Undervaluation Case Based on Audit Objection Alone.

Court Rejects Extended Limitation Due to Lack of Evidence in Cloth Undervaluation Case Based on Audit Objection Alone. https://www.taxtmi.com/highlights?id=46553 Extended period of limitation - Since the said demand was confirmed solely based on the audit objection and no supporting evidences were produced by the department, alleging undervaluation of the cloth, the extended period of limitation cannot be sustained for confirmation of the adjudged demand en-us Thu, 16 May 2019 06:41:10 +0530 Thu, 16 May 2019 06:41:10 +0530 TaxTMI RSS Generator Court Rejects Extended Limitation Due to Lack of Evidence in Cloth Undervaluation Case Based on Audit Objection Alone. https://www.taxtmi.com/highlights?id=46553 Extended period of limitation - Since the said demand was confirmed solely based on the audit objection and no supporting evidences were produced by the department, alleging undervaluation of the cloth, the extended period of limitation cannot be sustained for confirmation of the adjudged demand Highlights Central Excise Thu, 16 May 2019 06:41:10 +0530 https://www.taxtmi.com/highlights?id=46553