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Demand Limited to Normal Limitation Period from Show Cause Notice Date; No Penalties, Interest Applies.
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....Especially when there was confusion on this issue, nothing prevented the Department from having issued Show Cause Notices at regular intervals for the normal period of limitation. - The demand in this case is restricted to the normal period of limitation from the date of issue of Show Cause Notice, with interest liability as applicable - there shall be no penalty.....
TaxTMI
TaxTMI