https://www.taxtmi.com/caselaws?id=187344 The court directed income-tax authorities to refund Rs. 65,00,000 to the petitioner, retaining Rs. 60,24,333 as the maximum amount due pending further proceedings under the Income-tax Act. The petitioner's request for return of the seized amount was granted, with the court emphasizing the need to preserve the petitioner's right to claim that no amount is due from him. The refund was ordered to be completed within one month. en-us Thu, 05 Aug 2010 00:00:00 +0530 Wed, 19 Oct 2016 10:01:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187344 The court directed income-tax authorities to refund Rs. 65,00,000 to the petitioner, retaining Rs. 60,24,333 as the maximum amount due pending further proceedings under the Income-tax Act. The petitioner's request for return of the seized amount was granted, with the court emphasizing the need to preserve the petitioner's right to claim that no amount is due from him. The refund was ordered to be completed within one month. Case-Laws Income Tax Thu, 05 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187344