Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
The High Court held that the interest on a money award is to be calculated at three times the RBI-notified rates with monthly compounding, fluctuating along with RBI rates. The award-debtor must pay interest calculated this way from the appointed date to repayment within 4 weeks, providing detailed calculations. The award-holder may withdraw or utilize the already paid/deposited amount. The matter will be listed for compliance on August 6, 2024, with the award-debtor required to file an affidavit showing full payment of interest and principal, along with detailed interest calculations.
The High Court held that the interest on a money award is to be calculated at three times the RBI-notified rates with monthly compounding, fluctuating along with RBI rates. The award-debtor must pay interest calculated this way from the appointed date to repayment within 4 weeks, providing detailed calculations. The award-holder may withdraw or utilize the already paid/deposited amount. The matter will be listed for compliance on August 6, 2024, with the award-debtor required to file an affidavit showing full payment of interest and principal, along with detailed interest calculations.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4796
Join Channel
TaxTMI 
