https://www.taxtmi.com/caselaws?id=5408 When completion of an agreed property sale is stalled by a Chapter XX-C compulsory purchase order and a stay of that order, equity may justify interest on the unpaid purchase price if the vendor did not obstruct the transaction. Because the ultimate fate of the statutory purchase remained uncertain, immediate payment of the balance could not be compelled, but the seller was left without the sale proceeds during the period of restraint. The commentary notes that interest may be awarded for the delay, with the applicable rate differing depending on whether the Government purchase ultimately stands or the sale to the buyer is completed. en-us Fri, 14 Aug 1992 00:00:00 +0530 Mon, 24 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5408 When completion of an agreed property sale is stalled by a Chapter XX-C compulsory purchase order and a stay of that order, equity may justify interest on the unpaid purchase price if the vendor did not obstruct the transaction. Because the ultimate fate of the statutory purchase remained uncertain, immediate payment of the balance could not be compelled, but the seller was left without the sale proceeds during the period of restraint. The commentary notes that interest may be awarded for the delay, with the applicable rate differing depending on whether the Government purchase ultimately stands or the sale to the buyer is completed. Case-Laws Income Tax Fri, 14 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5408