Without Acknowledgement or Returned Cover from Customs Dept, Assessee’s Statement on Date of Receipt of Order Prevails: Madras HC

The Madras High Court has ruled that an "assessee's statement on the date of receipt of an order prevails" when there is no "acknowledgment or returned cover from the customs department." The court's decision provides a significant victory for the taxpayer. The ruling clarifies that a taxpayer's word should be trusted if there is no proof to the contrary.