https://www.taxtmi.com/article/detailed?id=13000 Charge of interest functions as compensation for delayed payment and, when stipulated or accepted, constitutes an effective extension or revision of the time for payment or related performance, limiting the recipient's ability to claim further damages; courts may award interest in absence of express provision, and levy or acceptance of interest under statutes or contracts can operate as condonation of delay and revision of original terms. en-us Mon, 07 Oct 2024 14:14:01 +0530 Mon, 07 Oct 2024 14:14:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13000 Charge of interest functions as compensation for delayed payment and, when stipulated or accepted, constitutes an effective extension or revision of the time for payment or related performance, limiting the recipient's ability to claim further damages; courts may award interest in absence of express provision, and levy or acceptance of interest under statutes or contracts can operate as condonation of delay and revision of original terms. Articles Other Topics Mon, 07 Oct 2024 14:14:01 +0530 https://www.taxtmi.com/article/detailed?id=13000