https://www.taxtmi.com/caselaws?id=798077 Interest is payable on amounts voluntarily deposited during investigation when retained by Revenue and later refunded. The compensatory principle applies from the actual date of deposit until refund, even where the statutory refund-interest provision does not independently confer entitlement. Established precedent supports interest at 12% per annum for the period of Revenue's retention, ensuring compensation for deprivation of the depositor's funds. en-us Mon, 31 Aug 2026 00:00:00 +0530 Wed, 02 Sep 2026 08:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798077 Interest is payable on amounts voluntarily deposited during investigation when retained by Revenue and later refunded. The compensatory principle applies from the actual date of deposit until refund, even where the statutory refund-interest provision does not independently confer entitlement. Established precedent supports interest at 12% per annum for the period of Revenue's retention, ensuring compensation for deprivation of the depositor's funds. Case-Laws Customs Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798077