https://www.taxtmi.com/article/detailed?id=12958 Invocation of the extended period of limitation requires proof of at least one of five statutory elements-fraud, collusion, wilful mis-statement, suppression of facts, or contravention with intent to evade duty-and cannot be premised solely on the assessee's self-assessment or on discrepancies coming to light during audit. A genuine belief that duty is not leviable and maintained statutory returns do not by themselves establish intent to evade tax; the department must affirmatively prove such intent before the extended limitation can be applied. en-us Wed, 25 Sep 2024 17:22:01 +0530 Wed, 25 Sep 2024 17:22:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12958 Invocation of the extended period of limitation requires proof of at least one of five statutory elements-fraud, collusion, wilful mis-statement, suppression of facts, or contravention with intent to evade duty-and cannot be premised solely on the assessee's self-assessment or on discrepancies coming to light during audit. A genuine belief that duty is not leviable and maintained statutory returns do not by themselves establish intent to evade tax; the department must affirmatively prove such intent before the extended limitation can be applied. Articles Central Excise Wed, 25 Sep 2024 17:22:01 +0530 https://www.taxtmi.com/article/detailed?id=12958