Saturday, August 10, 2013

Commissioner of Customs and Central Excise V. Colfax Lab (I) 
(P) Ltd. [2013] (Bombay) 
Section 73 of Finance Act 

Department is deemed to be aware of requirements under other laws applicable to assessee. Non declaration by assessee of its activities involving compliances with other laws doesn’t amount to suppression of facts so as to warrant invocation of extended period of limitation.

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