Tag: cessation of liability

Creditors not barred by limitation if liability acknowledged in accounts, they can rely on such acknowledgment-High Court

Creditors not barred by limitation if liability acknowledged in accounts, creditors can rely on the said acknowledgment-High Court   ABCAUS Case Law Citation: ABCAUS 2185 (2018) (01) HC Brief Facts of the Case: The assessee, during the course of the assessment proceedings had furnished details of the creditors. …