https://www.taxtmi.com/caselaws?id=334197 Compensatory interest may be granted on a delayed tax refund even without an express statutory provision where public authorities retain money without authority of law for an extraordinary period, as such retention may violate the constitutional protection of property. Interest operates as compensation to prevent grave injustice in exceptional circumstances. By contrast, a statutory cut-off date commencing a refund-interest regime from a specified year is not arbitrary merely because earlier periods are excluded. The classification remains valid where it is based on intelligible differentia and bears a rational nexus to the legislative object. en-us Thu, 20 Oct 2016 00:00:00 +0530 Sat, 24 Mar 2018 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334197 Compensatory interest may be granted on a delayed tax refund even without an express statutory provision where public authorities retain money without authority of law for an extraordinary period, as such retention may violate the constitutional protection of property. Interest operates as compensation to prevent grave injustice in exceptional circumstances. By contrast, a statutory cut-off date commencing a refund-interest regime from a specified year is not arbitrary merely because earlier periods are excluded. The classification remains valid where it is based on intelligible differentia and bears a rational nexus to the legislative object. Case-Laws VAT and Sales Tax Thu, 20 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334197