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    <title>1992 (11) TMI 263 - KARNATAKA  HIGH COURT</title>
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    <description>A writ court may grant compensatory interest on money paid under an interim arrangement when the payer is ultimately found not liable and the State has enjoyed the benefit of the funds. The concession linked to the sales tax exemption was treated as an exemption under section 8A of the Karnataka Sales Tax Act, 1957, and the interim payment of Rs. 45 lakhs did not alter the petitioner&#039;s entitlement to final relief. The absence of an express interest condition in the interim order did not prevent equitable compensation. Interest was directed from the respective dates of payment until refund at 10% per annum.</description>
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    <pubDate>Fri, 20 Nov 1992 00:00:00 +0530</pubDate>
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      <title>1992 (11) TMI 263 - KARNATAKA  HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=157227</link>
      <description>A writ court may grant compensatory interest on money paid under an interim arrangement when the payer is ultimately found not liable and the State has enjoyed the benefit of the funds. The concession linked to the sales tax exemption was treated as an exemption under section 8A of the Karnataka Sales Tax Act, 1957, and the interim payment of Rs. 45 lakhs did not alter the petitioner&#039;s entitlement to final relief. The absence of an express interest condition in the interim order did not prevent equitable compensation. Interest was directed from the respective dates of payment until refund at 10% per annum.</description>
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      <pubDate>Fri, 20 Nov 1992 00:00:00 +0530</pubDate>
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