https://www.taxtmi.com/caselaws?id=401035 A public authority that arbitrarily withholds and retains an allottee's money after a justified refund request may be required to pay interest as compensation for use and retention of the funds. The Court treated the authority's silence and differential treatment of similarly placed allottees as arbitrary and discriminatory, which justified interest on the refunded plot consideration. However, interest could not begin from the date only the earnest money was paid; it had to run from the date the principal consideration was actually remitted. The liability to pay interest was therefore affirmed, subject to correction of the commencement date. en-us Tue, 24 Nov 2020 00:00:00 +0530 Tue, 01 Dec 2020 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401035 A public authority that arbitrarily withholds and retains an allottee's money after a justified refund request may be required to pay interest as compensation for use and retention of the funds. The Court treated the authority's silence and differential treatment of similarly placed allottees as arbitrary and discriminatory, which justified interest on the refunded plot consideration. However, interest could not begin from the date only the earnest money was paid; it had to run from the date the principal consideration was actually remitted. The liability to pay interest was therefore affirmed, subject to correction of the commencement date. Case-Laws Indian Laws Tue, 24 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401035