https://www.taxtmi.com/caselaws?id=289253 The Supreme Court addressed the practice of granting interest at a fixed rate of 18% per annum in all cases, emphasizing that interest rates should be determined based on the specific circumstances of each case. The Court clarified that compensation for mental agony/harassment should only be awarded in cases of deficiency in service or misfeasance in public office resulting in actual loss or injury. In a specific case involving delayed possession of an allotted plot, the Court directed a recalculation of interest payments, specifying the methodology and repayment process to rectify discrepancies and ensure fairness in resolving the dispute. en-us Fri, 24 Sep 2004 00:00:00 +0530 Wed, 22 Jul 2020 13:54:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289253 The Supreme Court addressed the practice of granting interest at a fixed rate of 18% per annum in all cases, emphasizing that interest rates should be determined based on the specific circumstances of each case. The Court clarified that compensation for mental agony/harassment should only be awarded in cases of deficiency in service or misfeasance in public office resulting in actual loss or injury. In a specific case involving delayed possession of an allotted plot, the Court directed a recalculation of interest payments, specifying the methodology and repayment process to rectify discrepancies and ensure fairness in resolving the dispute. Case-Laws Indian Laws Fri, 24 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289253