https://www.taxtmi.com/caselaws?id=53130 Where the department already knew the material facts from declarations on record, invocation of the extended limitation period was not justified and the demand was held time-barred. On that basis, the connected penalty, interest and confiscation could not survive and were set aside in favour of the assessee. The stated principle is that knowledge of the relevant facts by the department defeats the proviso for extended limitation, and consequential penal and confiscatory proceedings fall with the underlying demand. en-us Fri, 16 Jul 2004 00:00:00 +0530 Mon, 11 Oct 2010 12:23:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53130 Where the department already knew the material facts from declarations on record, invocation of the extended limitation period was not justified and the demand was held time-barred. On that basis, the connected penalty, interest and confiscation could not survive and were set aside in favour of the assessee. The stated principle is that knowledge of the relevant facts by the department defeats the proviso for extended limitation, and consequential penal and confiscatory proceedings fall with the underlying demand. Case-Laws Central Excise Fri, 16 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53130