https://www.taxtmi.com/caselaws?id=70202 The Tribunal held that interest on a refund of Rs. 9,00,000 seized during a search operation was not warranted as the block assessment was completed before the expiry of the six-month period specified under section 132B(4)(b). Therefore, the Assessing Officer's decision to deny interest on the refunded amount was upheld, and the appeal filed by the revenue was allowed with no costs ordered. en-us Tue, 25 Oct 2005 00:00:00 +0530 Mon, 17 Jun 2013 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70202 The Tribunal held that interest on a refund of Rs. 9,00,000 seized during a search operation was not warranted as the block assessment was completed before the expiry of the six-month period specified under section 132B(4)(b). Therefore, the Assessing Officer's decision to deny interest on the refunded amount was upheld, and the appeal filed by the revenue was allowed with no costs ordered. Case-Laws Income Tax Tue, 25 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70202