https://www.taxtmi.com/caselaws?id=157027 Where acquisition legislation is silent on interest and does not expressly bar it, courts may award interest on delayed compensation on equitable grounds. The Defence of India Act, 1962 provided for acquisition of requisitioned property and compensation, but contained no provision on interest. The Supreme Court held that earlier rulings on similar statutes only addressed the validity of the enactments, not the separate question of interest. Since enhanced compensation relates back to the date of acquisition, interest was payable on the enhanced amount from that date, and the long delay in payment supported a reasonable rate of 6% per annum. en-us Tue, 25 Nov 2008 00:00:00 +0530 Tue, 03 Jun 2014 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157027 Where acquisition legislation is silent on interest and does not expressly bar it, courts may award interest on delayed compensation on equitable grounds. The Defence of India Act, 1962 provided for acquisition of requisitioned property and compensation, but contained no provision on interest. The Supreme Court held that earlier rulings on similar statutes only addressed the validity of the enactments, not the separate question of interest. Since enhanced compensation relates back to the date of acquisition, interest was payable on the enhanced amount from that date, and the long delay in payment supported a reasonable rate of 6% per annum. Case-Laws Indian Laws Tue, 25 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157027