Extended Limitation u/s 73 of Finance Act 1994 Unjustified; No Information Suppression Found in ST-3 Forms.

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....Extended period of limitation - The appellant had filed ST-3 also and the whole transaction was reflected in the balance sheet. Therefore, there is no element of suppression - the invocation of proviso to sub-Section (1) of Section 73 of Finance Act, 1994 was not justified in the present case.....