https://www.taxtmi.com/caselaws?id=458386 A written acknowledgment of liability within the limitation period can revive the claim and start a fresh period of limitation; the tribunal's refusal of the Rs. 5 lakh journal-entry claim was therefore set aside. On the purchase and sale transactions claim of Rs. 82.04 lakhs, the arbitral finding was sustained because contemporaneous contract notes and acknowledgments supported the respondent's case, and the petitioner failed to dislodge that documentary evidence or establish any defect in authority or receipt. Relief was thus confined to the journal-entry claim, while the remaining award was upheld. en-us Thu, 26 Jun 2014 00:00:00 +0530 Thu, 24 Oct 2024 19:42:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458386 A written acknowledgment of liability within the limitation period can revive the claim and start a fresh period of limitation; the tribunal's refusal of the Rs. 5 lakh journal-entry claim was therefore set aside. On the purchase and sale transactions claim of Rs. 82.04 lakhs, the arbitral finding was sustained because contemporaneous contract notes and acknowledgments supported the respondent's case, and the petitioner failed to dislodge that documentary evidence or establish any defect in authority or receipt. Relief was thus confined to the journal-entry claim, while the remaining award was upheld. Case-Laws Indian Laws Thu, 26 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458386