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Appellants' Failure to Disclose Business Transactions Justifies Extended Limitation Period for Assessment, Decision Upheld.
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....Business Support Services - reimbursement of expenses - Since the appellants had not disclosed the details of these transactions to the revenue in the ST-3 returns filed by them. Neither they have been able to establish any bonafides in non disclosure of such information to revenue - the impugned order for invoking extended period of limitation is upheld.....
TaxTMI