TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Petitioner Ordered to Refund Amount to Respondent with 6% Annual Interest Within Seven Days or Face Automatic Dismissal</h1> The SC ordered petitioner to refund the amount owed to respondent with 6% per annum interest within seven days. The Court stipulated that non-compliance ... Rate of interest - in terms of the statute, the liability to pay interest would be at “such rate not exceeding 6 per cent as may be specified in the notification” - It is submitted that the High Court was not, therefore, justified in awarding interest at the rate of 9 per cent per annum - HELD THAT:- The liability to pay the interest @ 6 per cent per annum having not been disputed, the petitioner(s) shall refund the entire amount due to the respondent along with interest @ 6 per cent per annum within seven days from today. In case the affidavit is not filed within the stipulated period, the Special Leave Petitions shall stand dismissed without further reference to the Court. The Supreme Court of India ordered the petitioner(s) to refund the amount due to the respondent with interest at 6% per annum within seven days. Failure to do so would result in the dismissal of the Special Leave Petitions.
TaxTMI 
TaxTMI 
