https://www.taxtmi.com/caselaws?id=456593 A deposit made in court to resist execution of an award is not treated as payment in satisfaction of the decree under Order XXI Rule 1 CPC when it is made only to secure interim protection or avoid execution. The claimant may therefore compute the balance on the basis of the amount due on the date of actual remittance, without the exchange risk shifting merely because funds were lodged in court. Once the contractual claim merges into an award and decree, it becomes a judgment debt executable according to its tenor, and tax cannot be unilaterally withheld at source from the decretal amount or awarded interest unless the governing law expressly permits it. en-us Wed, 13 Dec 2017 00:00:00 +0530 Fri, 02 Aug 2024 20:16:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456593 A deposit made in court to resist execution of an award is not treated as payment in satisfaction of the decree under Order XXI Rule 1 CPC when it is made only to secure interim protection or avoid execution. The claimant may therefore compute the balance on the basis of the amount due on the date of actual remittance, without the exchange risk shifting merely because funds were lodged in court. Once the contractual claim merges into an award and decree, it becomes a judgment debt executable according to its tenor, and tax cannot be unilaterally withheld at source from the decretal amount or awarded interest unless the governing law expressly permits it. Case-Laws Companies Law Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456593