https://www.taxtmi.com/caselaws?id=765930 CESTAT New Delhi held that extended period of limitation could not be invoked for wrongful CENVAT credit availment discovered during audit. The tribunal ruled that discovery during audit merely indicated the assessing officer's failure to scrutinize returns properly, not willful suppression or misstatement by the assessee. Since the officer's negligence in performing duties cannot establish willful suppression by the appellant, the demand and penalty were time-barred. The tribunal allowed the appeal without examining merits, concluding the entire demand was barred by limitation. en-us Tue, 11 Feb 2025 00:00:00 +0530 Thu, 13 Feb 2025 08:36:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765930 CESTAT New Delhi held that extended period of limitation could not be invoked for wrongful CENVAT credit availment discovered during audit. The tribunal ruled that discovery during audit merely indicated the assessing officer's failure to scrutinize returns properly, not willful suppression or misstatement by the assessee. Since the officer's negligence in performing duties cannot establish willful suppression by the appellant, the demand and penalty were time-barred. The tribunal allowed the appeal without examining merits, concluding the entire demand was barred by limitation. Case-Laws Central Excise Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765930