Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Tribunal Rules in Favor of Appellant: Extended Limitation for Tax Reassessment Requires Evidence of Fraud or Suppression.</h1> The case analyzed by the tribunal in New Delhi addresses two main issues: eligibility for CENVAT credit and the applicability of the extended period of limitation for tax reassessment. The tribunal scrutinized the CENVAT Credit Rules to clarify conditions for availing tax credits and assessed the legal grounds required to invoke an extended period for tax reassessment. It concluded that the extended period cannot be invoked without evidence of fraud or intentional suppression. The tribunal ruled in favor of the appellant, finding insufficient grounds for the extended limitation period, thus rendering most of the tax demand invalid due to being time-barred.
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