Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
A liquidator's determination of security interest and distribution entitlements was treated as tentative, because it was read as flowing from an earlier order already under challenge. The Appellate Tribunal held that the statement could not be read in isolation as a final adjudication overriding the pending appeal, and that the observation on paragraph 45 was not conclusive. As the decision itself showed it was subject to the outcome of the pending appellate proceedings, no party could claim a definitive advantage from it at that stage. The appeal was closed subject to this clarification.
A liquidator's determination of security interest and distribution entitlements was treated as tentative, because it was read as flowing from an earlier order already under challenge. The Appellate Tribunal held that the statement could not be read in isolation as a final adjudication overriding the pending appeal, and that the observation on paragraph 45 was not conclusive. As the decision itself showed it was subject to the outcome of the pending appellate proceedings, no party could claim a definitive advantage from it at that stage. The appeal was closed subject to this clarification.
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