https://www.taxtmi.com/caselaws?id=424371 The Court ruled in favor of the assessee, dismissing the appeal and emphasizing the importance of good faith actions and legal clarity in tax matters. The Court held that the respondent's belief in availing credit for trading in good faith, supported by the balance sheet, did not warrant the extended period demand. The judgment highlighted the clarificatory nature of government notifications regarding trading activities and the lack of ulterior motives for evading duty. Costs were not imposed on the respondent. en-us Wed, 01 Jun 2022 00:00:00 +0530 Wed, 29 Jun 2022 09:34:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424371 The Court ruled in favor of the assessee, dismissing the appeal and emphasizing the importance of good faith actions and legal clarity in tax matters. The Court held that the respondent's belief in availing credit for trading in good faith, supported by the balance sheet, did not warrant the extended period demand. The judgment highlighted the clarificatory nature of government notifications regarding trading activities and the lack of ulterior motives for evading duty. Costs were not imposed on the respondent. Case-Laws Central Excise Wed, 01 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424371