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2006 (3) TMI 140 - SC - Income TaxSearch And Seizure - whether the High Court could have directed payment of interest on certain jewellery and ornaments belonging to the respondents which had been seized by the appellants on January 12, 2001 - Held that:- Without going into the question as to the payability of interest on the value of goods found by the court to have been illegally seized, we hold that the appellants are liable to compensate the respondents at least by way of costs. The loss obviously suffered by the respondents during the pendency of the proceedings before the High Court was further aggravated by the delay in complying with the High Court's decision. In the circumstances, we direct the appellants to pay a sum of Rs. 75,000 to the respondents on account of costs which the respondents will accept in full and final settlement of the claim towards the quantum of interest under the impugned order. Such payment is to be made within a period of four weeks - Decided conditionally in favour of Revenue.
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