extent to which such interest does not exceed the amount of interest calculated at the rate approved by the Central Government in this behalf, having ... public interest, to the extent to which such interest does not exceed the amount of interest calculated at the rate approved by the Central Government
assessed tax, the assessee shall be liable to pay simple interest at the rate of ] [ Substituted by Act 32 of 2003, Section ... interest, if any, paid under section 140-A towards the interest chargeable under this section; (ii) thereafter, interest shall be calculated at the rate aforesaid
income, then, the assessee shall be liable to pay simple interest at the rate of one per cent per month for a period of three ... income, then, the assessee shall be liable to pay simple interest at the rate of one per cent on the amount of the shortfall from
interest adjudged on such principal sum for any period prior to the institution of the suit, [with further interest at such rate not exceeding ... cent. per annum, but shall not exceed the contractual rate of interest or where there is no contractual rate, the rate at which moneys
claim, as the case may be, at a rate not exceeding the
current rate of interest. He submitted that the Commission whilst
awarding interest ... that time the
authority will also pay interest. Such interest must be based on the
current rate of interest.
Now we come to the question
promise
of being paid interest at a rate higher than tho agreed rate
of interest cannot, without more, be a 'money circu-
124
lation ... promise of being paid interest at a rate higher
than the agreed rate of interest cannot, without more, be a
'money circulation scheme
provisions relating to due date for payment of tax, rate of interest for delayed payment of tax, of the general sales tax law of each ... shall apply in relation to due date for payment of tax, rate of interest for delayed payment of tax, and assessment and collection of interest
include in the sum for which the award is made interest, at such rate as it deems reasonable, on the whole or any part ... otherwise directs, carry interest at the rate of two per cent. higher than the current rate of interest prevalent on the date of award, from
Provisions Act, 1952
7Q. Interest payable by the employer
The employer shall be liable to pay simple interest at the rate of twelve per cent ... till the date of its actual payment: PROVIDED that higher rate of interest specified in the Scheme shall not exceed the lending rate of interest
payment of amount was for a fixed
period; (b) interest rate was fixed and was received or paid as agreed; (c)
for the first transaction ... sector undertakings had invested their funds at much
higher rates then the rate of interest on which MUL had made aforesaid four
investments
