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    <title>2002 (1) TMI 4 - Supreme Court</title>
    <link>https://www.taxtmi.com/caselaws?id=6066</link>
    <description>After the compulsory purchase was set aside, the Department had no right to retain the auction deposit unless a valid forfeiture was established. As no concluded forfeiture was shown, the auction amount was to be deposited with the Registrar of the Karnataka High Court with interest at 9% from the date of payment until deposit, and the parties were left to seek disbursement orders before the High Court. The further sum deposited in the second round of compulsory purchase was also required to be refunded with interest at 9% per annum from the date of deposit until payment. Questions of inter se entitlement and forfeiture were left open for determination by the High Court or in accordance with law.</description>
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    <pubDate>Mon, 14 Jan 2002 00:00:00 +0530</pubDate>
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      <title>2002 (1) TMI 4 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=6066</link>
      <description>After the compulsory purchase was set aside, the Department had no right to retain the auction deposit unless a valid forfeiture was established. As no concluded forfeiture was shown, the auction amount was to be deposited with the Registrar of the Karnataka High Court with interest at 9% from the date of payment until deposit, and the parties were left to seek disbursement orders before the High Court. The further sum deposited in the second round of compulsory purchase was also required to be refunded with interest at 9% per annum from the date of deposit until payment. Questions of inter se entitlement and forfeiture were left open for determination by the High Court or in accordance with law.</description>
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