Tuesday 9 December 2014

Claiming input credit without actual purchases showed wilful tax evasion; extended limitation period

CST & VAT: A.P. VAT - Where show cause notice issued to assessee alleged that it had committed wilful evasion of tax and findings recorded in assessment order also established that assessee had committed wilful evasion of tax, section 21(5) providing extended period of limitation of six years was applicable in instant case


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