https://www.taxtmi.com/caselaws?id=54017 The Tribunal allowed the appeals, setting aside the redetermination of assessable value for motor cars, disallowance of deductions for trade discounts, loading of additional consideration, duty demands, and penalties imposed by the Commissioner. The demands were deemed time-barred due to the department's prior knowledge of the appellant's practices and regular submission of statutory returns, negating allegations of suppression of facts or wilful misstatement. The Tribunal ruled in favor of the appellants, dismissing the demands and penalties. en-us Tue, 11 Jan 2005 00:00:00 +0530 Sat, 16 Oct 2010 13:39:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54017 The Tribunal allowed the appeals, setting aside the redetermination of assessable value for motor cars, disallowance of deductions for trade discounts, loading of additional consideration, duty demands, and penalties imposed by the Commissioner. The demands were deemed time-barred due to the department's prior knowledge of the appellant's practices and regular submission of statutory returns, negating allegations of suppression of facts or wilful misstatement. The Tribunal ruled in favor of the appellants, dismissing the demands and penalties. Case-Laws Central Excise Tue, 11 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54017