https://www.taxtmi.com/caselaws?id=783011 In a continuous commercial running account, limitation was computed from the last acknowledged payment, and part-payment under the Limitation Act, 1963 supported timeliness where the suit was filed within three years of that payment. Liability for goods supplied under the invoices was supported by the ledger and invoices, but the alleged hand loan was excluded because it was not proved by pleadings, testimony, or bank records. The claimed set-off and reversal of input tax credit were not established on acceptable evidence, while the contractual interest clause at 18% in commercial transactions justified interest on the proved liability. en-us Wed, 03 Dec 2025 00:00:00 +0530 Tue, 09 Dec 2025 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783011 In a continuous commercial running account, limitation was computed from the last acknowledged payment, and part-payment under the Limitation Act, 1963 supported timeliness where the suit was filed within three years of that payment. Liability for goods supplied under the invoices was supported by the ledger and invoices, but the alleged hand loan was excluded because it was not proved by pleadings, testimony, or bank records. The claimed set-off and reversal of input tax credit were not established on acceptable evidence, while the contractual interest clause at 18% in commercial transactions justified interest on the proved liability. Case-Laws Indian Laws Wed, 03 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783011