1999 (2) TMI 5 - SC - Income Tax

Expiry of the period of limitation prescribed under the Limitation Act could not extinguish the debt but it would only prevent the creditor from enforcing the debt - hence mere entry in the books of account of the debtor made unilaterally without any act on the part of the creditor will not enable the debtor to say that the liability has come to an end - no merit in this appeal - appeal is dismissed as not maintainable