https://www.taxtmi.com/caselaws?id=766675 Money retained by the State without authority of law and before the taxing event had occurred attracted restitution, so the refunded stamp duty carried interest. The Court held that unjustified detention of money compensates the person deprived of its use, and the absence of an express statutory provision did not defeat the claim. Interest was treated as the normal accretion on capital once restitution applied, and the appellants were therefore entitled to interest on the refunded stamp duty amount. en-us Tue, 18 Feb 2025 00:00:00 +0530 Mon, 27 Jul 2026 09:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766675 Money retained by the State without authority of law and before the taxing event had occurred attracted restitution, so the refunded stamp duty carried interest. The Court held that unjustified detention of money compensates the person deprived of its use, and the absence of an express statutory provision did not defeat the claim. Interest was treated as the normal accretion on capital once restitution applied, and the appellants were therefore entitled to interest on the refunded stamp duty amount. Case-Laws Indian Laws Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766675