TMI Blog2019 (11) TMI 946X X X X Extracts X X X X X X X X Extracts X X X X ..... ents is directed to pay to the Petitioner the interest amount of ₹ 54,62,665/-, as was payable to the Petitioner as on 14th December 2017 together with interest thereon at the rate of 4% per annum to be computed from 14th December, 2017 till the date of actual payment - petition disposed off. - WRIT PETITION NO. 720 OF 2019 - - - Dated:- 19-11-2019 - M. S. SONAK C. V. BHADANG, JJ. Mr. Yogesh V. Nadkarni and Mr. S. Kamat, Advocates for the Petitioner. Mr. D. Pangam, Advocate General with Ms. Maria Simone Judith Correia, Addl. Government Advocate for the Respondents. ORAL JUDGMENT ( Per M. S. Sonak, J) Affidavit in reply on behalf of the Respondents is taken on record. 2. Hear ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 14th December, 2017. We direct accordingly. 5. Mr. Nadkarni submits that for the period from 14th December, 2017 till the date of actual payment of this interest amount, the Respondents must be directed to pay further interest at the rate of 12% per annum. He submits that there was absolutely no justification to withhold the interest amount of ₹ 54,62,665/- which was due as on 14th December, 2017. 6. Mr. D. Pangam, learned Advocate General points out that there was a serious dispute as regards the interpretation of provisions of Goa Value Added Tax Act, 2005. He submits that it is only by judgment and order dated 16th October, 2019, this dispute stands resolved. He points out that this statement is also without prej ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... said Act. Upon cumulative consideration of all the aforesaid circumstances, we feel that the interest at the rate of 4% per annum, will be appropriate in the facts and circumstances of the present case. 9. Accordingly, we direct the Respondents to pay to the Petitioner the interest amount of ₹ 54,62,665/-, as was payable to the Petitioner as on 14th December 2017 together with interest thereon at the rate of 4% per annum to be computed from 14th December, 2017 till the date of actual payment. Necessary computation be made and the amount be paid to the Petitioner within eight weeks from today. 10. Rule in this petition is disposed of in the aforesaid terms. There shall be no order as to costs. 11. All concern ..... X X X X Extracts X X X X X X X X Extracts X X X X
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