https://www.taxtmi.com/caselaws?id=138046 Interest on refunded sales tax was denied because Section 1 of the Interest Act, 1839 does not create a general equitable right to interest. The Court held that interest is recoverable only in recognised categories, such as fiduciary or analogous relationships, and that tax collected by the State in exercise of sovereign power does not establish an ordinary debtor-creditor relationship. The claim also failed as damages for wrongful detention and on restitutionary principles, especially where the refund was governed by a specific statutory provision that did not provide for interest. en-us Wed, 08 Jul 1964 00:00:00 +0530 Wed, 17 Apr 2013 16:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=138046 Interest on refunded sales tax was denied because Section 1 of the Interest Act, 1839 does not create a general equitable right to interest. The Court held that interest is recoverable only in recognised categories, such as fiduciary or analogous relationships, and that tax collected by the State in exercise of sovereign power does not establish an ordinary debtor-creditor relationship. The claim also failed as damages for wrongful detention and on restitutionary principles, especially where the refund was governed by a specific statutory provision that did not provide for interest. Case-Laws VAT and Sales Tax Wed, 08 Jul 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=138046