2015 (8) TMI 1053 - SC ORDER

Demand of tax - misstatement and suppression of facts - Invocation of extended period of limitation - Held that:- demand for the aforesaid period was time barred as the Department had not taken any action for more than five years - Unit of the respondent was audited during this period several times and there were physical inspections by the Department as well. Therefore, there could not be any case of suppression. - Decided against Revenue.