https://www.taxtmi.com/caselaws?id=199530 A written statement admitting a balance payable in a subsisting account can amount to an acknowledgment of liability under the Limitation Act if it shows a present debtor-creditor relationship, even without a promise to pay. Here, the correspondence reflected ongoing reconciliation, repeated admissions of amounts due in the corporation's books, and a letter stating the balance payable after adjustments. The writer was also treated as having implied authority, because he had been authorised to scrutinise claims, finalise accounts, and post consequential entries. The acknowledgment therefore extended limitation, and the claim was not time-barred. en-us Fri, 16 Oct 1970 00:00:00 +0530 Tue, 06 Mar 2018 11:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199530 A written statement admitting a balance payable in a subsisting account can amount to an acknowledgment of liability under the Limitation Act if it shows a present debtor-creditor relationship, even without a promise to pay. Here, the correspondence reflected ongoing reconciliation, repeated admissions of amounts due in the corporation's books, and a letter stating the balance payable after adjustments. The writer was also treated as having implied authority, because he had been authorised to scrutinise claims, finalise accounts, and post consequential entries. The acknowledgment therefore extended limitation, and the claim was not time-barred. Case-Laws Indian Laws Fri, 16 Oct 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199530