2003 (7) TMI 5

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.... interest on the purchase price which was refunded by the respondents. The issue arose in connection with the compulsory purchase of the respondents' property said to have been effected by the appropriate authority under Chapter XX-C of the Income-tax Act, 1961. Possession was taken by the Department on June 17, 1993. On July 17, 1993, the purchase price was paid by the appellant to the responden....

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....ingle judge in so far as it related to the payment of interest was set aside. The appellant has claimed that the respondent owners had enjoyed the benefit of the purchase price for several years. On the other hand, the appellant had been deprived of the right to sell the property which it could have done under Chapter XX-C of the Income-tax Act, 1961. The possession, as far as the appellant was c....