https://www.taxtmi.com/caselaws?id=12449 Interest was held not payable on sale consideration required to be kept available under Chapter XX-C where an earlier Division Bench had ruled that, after a pre-emptive purchase order, it would be inequitable to charge purchasers interest on the balance amount. Applying that binding principle, the Delhi High Court found the interest demand unsustainable and rejected the demand. en-us Wed, 12 Dec 2001 00:00:00 +0530 Thu, 25 Feb 2010 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12449 Interest was held not payable on sale consideration required to be kept available under Chapter XX-C where an earlier Division Bench had ruled that, after a pre-emptive purchase order, it would be inequitable to charge purchasers interest on the balance amount. Applying that binding principle, the Delhi High Court found the interest demand unsustainable and rejected the demand. Case-Laws Income Tax Wed, 12 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12449