CENVAT Credit Case: No Evidence of Intent to Evade Tax, Extended Limitation Period Not Applicable.
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....The appellant could have entertained bonafide belief that they are eligible for CENVAT Credit on the dumpers and tippers - also there is nothing in the record to indicate that there was suppression, misstatement of fact with intent to evade tax - Extended period of limitation cannot be invoked.....


TaxTMI