Extended Period of Limitation cannot be invoked when CENVAT Credit availed on Bona Fide belief and acted in Good Faith: Karnataka HC [Read Order]

CENVAT Credit - Bona Fide belief - Karnataka HC - taxscan

The division bench of the Karnataka High Court has held that an extended period of limitation cannot be invoked when CENVAT Credit availed on bona fide belief and acted in good faith. The assessee, M/S ABB Limited, is engaged in the business of manufacturing and clearance of turbochargers, electric motors, transformers, etc., and also engaged…

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