https://www.taxtmi.com/caselaws?id=448329 The extended period of limitation under the proviso to Section 73(1) of the Finance Act, 1994 was not available where the disputed value was already reflected in the assessee's books, balance sheet, profit and loss account and return-related records. On those facts, the record did not establish deliberate concealment, fraud, collusion, wilful misstatement or suppression of facts with intent to evade tax. Because the dispute was also interpretation-based and the assessee's bona fide belief that the activity was not taxable was not rebutted, the service tax demand could not be sustained on limitation. en-us Tue, 16 Jan 2024 00:00:00 +0530 Wed, 17 Jan 2024 08:42:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448329 The extended period of limitation under the proviso to Section 73(1) of the Finance Act, 1994 was not available where the disputed value was already reflected in the assessee's books, balance sheet, profit and loss account and return-related records. On those facts, the record did not establish deliberate concealment, fraud, collusion, wilful misstatement or suppression of facts with intent to evade tax. Because the dispute was also interpretation-based and the assessee's bona fide belief that the activity was not taxable was not rebutted, the service tax demand could not be sustained on limitation. Case-Laws Service Tax Tue, 16 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448329