Karnataka High Court Quashes Denial of Interest on Irregularly Opened PPF HUF Account; Directs Payment with Interest Due to Authorities' Negligence. The Court Held That the Postal Authorities Could Not Deny Interest After 12 Years of Deposits on Ground of Irregularity They Themselves Permitted, Violating Principles of Fairness and Article 14 of the Constitution.
31 Mar 2023The petitioner, desirous of investing for his daughter's marriage, opened a Public Provident Fund (PPF) account in the name of his Hindu Undivided Fam...
