https://www.taxtmi.com/caselaws?id=6552 Interest was payable on the refunded purchase price after the compulsory purchase order under Chapter XX-C was set aside, because the respondents had retained and enjoyed the money while the appellant was deprived of the property's benefit. The earlier appellate court had removed the interest component without reasons, and the Court held that the circumstances justified compensation by way of interest. However, the technical position on possession warranted moderation of the rate, so the interest fixed by the single judge was reduced from 15% to 7.5% for the relevant period. en-us Fri, 25 Jul 2003 00:00:00 +0530 Sun, 25 Jan 2009 06:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6552 Interest was payable on the refunded purchase price after the compulsory purchase order under Chapter XX-C was set aside, because the respondents had retained and enjoyed the money while the appellant was deprived of the property's benefit. The earlier appellate court had removed the interest component without reasons, and the Court held that the circumstances justified compensation by way of interest. However, the technical position on possession warranted moderation of the rate, so the interest fixed by the single judge was reduced from 15% to 7.5% for the relevant period. Case-Laws Income Tax Fri, 25 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6552