Residential property disputes - Interest SC held 9% as reasonable. Ground realities could not be emphasized by consumer who appeared in person against large team of counsels of Appellant / board.

Residential property disputes - Interest SC held 9% as reasonable. Ground realities could not be emphasized by consumer who appeared in person against large team of counsels of Appellant / board. https://www.taxtmi.com/article/detailed?id=15535 In delayed residential possession disputes the operative remedy is refund of amounts paid with simple interest from date(s) of payment until refund or delivery; tribunals have applied rates between 9% and 15% per annum, with 9% regarded as a reasonable benchmark. Compensation for loss and harassment may be awarded additionally, and factors such as fixed-price allotment, period and cause of delay, and buyer's election for refund versus possession govern quantum. en-us Tue, 02 Dec 2025 08:35:49 +0530 Tue, 02 Dec 2025 08:35:49 +0530 TaxTMI RSS Generator Residential property disputes - Interest SC held 9% as reasonable. Ground realities could not be emphasized by consumer who appeared in person against large team of counsels of Appellant / board. https://www.taxtmi.com/article/detailed?id=15535 In delayed residential possession disputes the operative remedy is refund of amounts paid with simple interest from date(s) of payment until refund or delivery; tribunals have applied rates between 9% and 15% per annum, with 9% regarded as a reasonable benchmark. Compensation for loss and harassment may be awarded additionally, and factors such as fixed-price allotment, period and cause of delay, and buyer's election for refund versus possession govern quantum. Articles Other Topics Tue, 02 Dec 2025 08:35:49 +0530 https://www.taxtmi.com/article/detailed?id=15535