https://www.taxtmi.com/caselaws?id=393405 Where consideration money under Chapter XXC is retained by the appropriate authority and invested in fixed deposits, Section 269UG(4) requires the authority to preserve the transferor's benefit in the proceeds, including accrued interest. The principal amount continued to belong to the petitioners, and interest earned while the funds were retained could not be appropriated by the authority merely because no express court direction for interest had been obtained earlier. The petitioners were therefore entitled to release of the interest accrued on the deposited amounts. en-us Thu, 13 Feb 2020 00:00:00 +0530 Sat, 14 Mar 2020 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393405 Where consideration money under Chapter XXC is retained by the appropriate authority and invested in fixed deposits, Section 269UG(4) requires the authority to preserve the transferor's benefit in the proceeds, including accrued interest. The principal amount continued to belong to the petitioners, and interest earned while the funds were retained could not be appropriated by the authority merely because no express court direction for interest had been obtained earlier. The petitioners were therefore entitled to release of the interest accrued on the deposited amounts. Case-Laws Income Tax Thu, 13 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393405