Reversal of CENVAT Credit Confirmed: Late Tax Returns and Evasion Lead to Extended Limitation, Interest, and Penalties Imposed.

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....Reversal of CENVAT Credit - Since these returns have been filed not by the due date but after the delay of one to two years, appellant had deliberately being suppressing their tax liability and evading the payment of tax - Demand confirmed invoking extended period of limitation with interest and penalty.....