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    <title>1995 (2) TMI 457 - Supreme Court</title>
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    <description>Where an allottee accepted the enhanced premium communicated by the authority, that communication was treated as part of the continuing allotment offer, and failure to comply with the payment condition within the time fixed by the court attracted forfeiture of earnest money. The forfeiture was limited to the amount actually deposited as earnest money under the earlier offer. Because the deposit was a fixed sum of Rs. 5 lakhs and not 10% of the enhanced premium, only Rs. 5 lakhs could be forfeited.</description>
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      <title>1995 (2) TMI 457 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=197092</link>
      <description>Where an allottee accepted the enhanced premium communicated by the authority, that communication was treated as part of the continuing allotment offer, and failure to comply with the payment condition within the time fixed by the court attracted forfeiture of earnest money. The forfeiture was limited to the amount actually deposited as earnest money under the earlier offer. Because the deposit was a fixed sum of Rs. 5 lakhs and not 10% of the enhanced premium, only Rs. 5 lakhs could be forfeited.</description>
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      <pubDate>Mon, 20 Feb 1995 00:00:00 +0530</pubDate>
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