https://www.taxtmi.com/caselaws?id=793123 Wrongful retention of seized Kisan Vikas Patras and Indira Vikas Patras after a final settlement direction entitled the assessee to compensatory interest for loss of earning opportunity, because the instruments should have been released once the settlement amount was deposited. The compensation was awarded on the maturity value at the prevailing rate for the period of retention from 23.12.2003 to 10.01.2005. The Court further held that, on these facts, the quantified compensatory interest itself justified simple interest at 4% per annum from 10.01.2005 until payment. en-us Wed, 13 May 2026 00:00:00 +0530 Tue, 09 Jun 2026 07:50:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793123 Wrongful retention of seized Kisan Vikas Patras and Indira Vikas Patras after a final settlement direction entitled the assessee to compensatory interest for loss of earning opportunity, because the instruments should have been released once the settlement amount was deposited. The compensation was awarded on the maturity value at the prevailing rate for the period of retention from 23.12.2003 to 10.01.2005. The Court further held that, on these facts, the quantified compensatory interest itself justified simple interest at 4% per annum from 10.01.2005 until payment. Case-Laws Income Tax Wed, 13 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793123