TMI Blog2014 (11) TMI 1140X X X X Extracts X X X X X X X X Extracts X X X X ..... e event income tax has been deducted at source in respect of interest on a sum of ₹ 1.70 crores, it is obvious that the interest would have been credited to the account of the petitioner. In the circumstances, the petitioner would, indisputably, be entitled to interest on the amount refunded. The amount that was seized from the petitioner has since been returned and, undisputedly, the res ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, the applications are allowed. Both applications stand disposed of. W.P.(C) 7492/2014 Issue notice. The counsel for respondents accept notice. I have heard the counsel for the parties. The petitioner has filed the present petition inter alia praying as under:- (a) Pass an appropriate Writ, Order or direction in the nature of a Writ directing the Respondent no.1 Department to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r is that although the amount has been refunded to the petitioner, he has not received interest on the demand drafts for a sum of ₹ 1.70 crores, which were seized by respondent No.1 on 19.05.2001. According to the petitioner, no interest was paid on the said amount as it was informed that no interest was payable because the said amount had been kept in a non-interest bearing account. Accordi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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