https://www.taxtmi.com/caselaws?id=197533 The Supreme Court upheld the High Court's decision disallowing the claim for equitable set-off from mesne profits, emphasizing that cross-demands must arise from the same transaction. The court also reduced the interest rate on mesne profits from 6% to 4%, noting the plaintiff's delay in the enquiry process. The appellant's argument for calculating rent based on profits rather than established principles was dismissed for lack of evidence and failure to raise the issue in the appeal grounds. The appeals were largely dismissed, with parties instructed to bear their own costs, except for the modification of the interest rate. en-us Wed, 02 Apr 1952 00:00:00 +0530 Tue, 09 Jan 2018 15:22:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197533 The Supreme Court upheld the High Court's decision disallowing the claim for equitable set-off from mesne profits, emphasizing that cross-demands must arise from the same transaction. The court also reduced the interest rate on mesne profits from 6% to 4%, noting the plaintiff's delay in the enquiry process. The appellant's argument for calculating rent based on profits rather than established principles was dismissed for lack of evidence and failure to raise the issue in the appeal grounds. The appeals were largely dismissed, with parties instructed to bear their own costs, except for the modification of the interest rate. Case-Laws Indian Laws Wed, 02 Apr 1952 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197533