Cenvat Credit Denial Overturned: No Basis for Extended Limitation Period Due to Lack of Fact Suppression Evidence.

Cenvat Credit Denial Overturned: No Basis for Extended Limitation Period Due to Lack of Fact Suppression Evidence. https://www.taxtmi.com/highlights?id=71152 Extended period of limitation - if Cenvat Credit has been allowed in respect of the same services to the other assessee’s there is no justifiable reason for denying the same to the present appellant - after the lapse of a considerable time after the audit, revenue proceeded to issue this show cause notice invoking suppression of facts. What is the reason for invoking suppression or other ingredients required for invoking an extended period in this case - no ground existed for invoking the extended period of limitation in the present case. - AT en-us Fri, 28 Jul 2023 14:09:44 +0530 Fri, 28 Jul 2023 14:09:44 +0530 TaxTMI RSS Generator Cenvat Credit Denial Overturned: No Basis for Extended Limitation Period Due to Lack of Fact Suppression Evidence. https://www.taxtmi.com/highlights?id=71152 Extended period of limitation - if Cenvat Credit has been allowed in respect of the same services to the other assessee’s there is no justifiable reason for denying the same to the present appellant - after the lapse of a considerable time after the audit, revenue proceeded to issue this show cause notice invoking suppression of facts. What is the reason for invoking suppression or other ingredients required for invoking an extended period in this case - no ground existed for invoking the extended period of limitation in the present case. - AT Highlights Central Excise Fri, 28 Jul 2023 14:09:44 +0530 https://www.taxtmi.com/highlights?id=71152