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2009 (12) TMI 29 - HIGH COURT OF ALLAHABADCompulsory purchase u/s 269UD – Valuation – Compensation – Interest on late payment. – held that - In the proceedings initiated under Chapter XXC of the Income-tax Act, the property vests in the Government and the Government derived considerably undue advantage for several years, although the value of the property in the meantime considerably appreciated. Thus, on account of the said action, the petitioner suffered losses, which are detriment to him and as such, in the totality of the facts and circumstances of the case, we are of the view that the petitioners are entitled to a simple interest @6% from the date when the department has received the possession of the property in question till the date of payment
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