Monday 1 June 2015

Default of assessee to disclose material facts amounts to suppression; triggers invocation of extend

Excise : Where declaration and periodical returns, being vital documents submitted by assessee, did not mention that 'sewing thread' was cleared on 'hanks', they suppressed a material fact which, to their knowledge, would not bring their sewing thread within exemption Notification; hence, extended period was invocable

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