https://www.taxtmi.com/caselaws?id=113395 Interest earned on seized funds later found unrelated to the alleged contravention was held payable to the petitioners as accretion to the original money. The Court applied the doctrine of accretion and treated the fixed-deposit interest as part of the seized amount, noting that the petitioners had been deprived of the use of their money while it was retained by the department. It further relied on the principle that, in an appropriate Article 226 matter, interest may be awarded to restore the aggrieved party to the position it would have occupied had the money not been wrongfully retained. The petitioners were therefore entitled to the accrued interest and further interest on the withheld interest. en-us Tue, 04 May 2010 00:00:00 +0530 Mon, 04 Sep 2017 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113395 Interest earned on seized funds later found unrelated to the alleged contravention was held payable to the petitioners as accretion to the original money. The Court applied the doctrine of accretion and treated the fixed-deposit interest as part of the seized amount, noting that the petitioners had been deprived of the use of their money while it was retained by the department. It further relied on the principle that, in an appropriate Article 226 matter, interest may be awarded to restore the aggrieved party to the position it would have occupied had the money not been wrongfully retained. The petitioners were therefore entitled to the accrued interest and further interest on the withheld interest. Case-Laws Companies Law Tue, 04 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113395