https://www.taxtmi.com/caselaws?id=343980 The court ruled in favor of the petitioners in a case involving the seizure of an amount by income tax authorities in New Delhi. The Department was directed to return the seized amount of Rs. 30 lacs to the petitioners after adjusting the tax liabilities for the relevant assessment years. An inquiry was ordered to verify the amount already paid by the petitioners, and the Department was instructed to pay interest to the petitioners within two months of refunding the entire amount. The writ petition was allowed, and the case was disposed of in favor of the petitioners. en-us Thu, 18 May 2017 00:00:00 +0530 Tue, 08 Aug 2017 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343980 The court ruled in favor of the petitioners in a case involving the seizure of an amount by income tax authorities in New Delhi. The Department was directed to return the seized amount of Rs. 30 lacs to the petitioners after adjusting the tax liabilities for the relevant assessment years. An inquiry was ordered to verify the amount already paid by the petitioners, and the Department was instructed to pay interest to the petitioners within two months of refunding the entire amount. The writ petition was allowed, and the case was disposed of in favor of the petitioners. Case-Laws Income Tax Thu, 18 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343980