https://www.taxtmi.com/caselaws?id=212732 The court ruled in favor of the petitioner, directing the respondents to pay interest under section 132B(4) and section 244A of the Income-tax Act. The court found that the seized amount was not appropriated as advance tax, leading to a successful appeal against tax liability and a refund request. The court emphasized the obligation to pay interest under various provisions of the Act and ordered the respondents to pay the calculated interest on the excess amount retained. Additionally, the court granted interest under section 244A on the refunded amount and provided specific directions for payment within a designated timeframe. en-us Thu, 12 Jan 2012 00:00:00 +0530 Thu, 13 Dec 2012 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212732 The court ruled in favor of the petitioner, directing the respondents to pay interest under section 132B(4) and section 244A of the Income-tax Act. The court found that the seized amount was not appropriated as advance tax, leading to a successful appeal against tax liability and a refund request. The court emphasized the obligation to pay interest under various provisions of the Act and ordered the respondents to pay the calculated interest on the excess amount retained. Additionally, the court granted interest under section 244A on the refunded amount and provided specific directions for payment within a designated timeframe. Case-Laws Income Tax Thu, 12 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212732