https://www.taxtmi.com/caselaws?id=376529 The High Court Bombay directed the department to refund the seized cash and deposited amount with interest, release the original title deeds, and ensure compliance with the specified directions by a set deadline. The FERA Board's order was upheld, with the department instructed to return Rs. 6,000 with 8% interest from the date of seizure and refund Rs. 20,000 with 8% interest from the date of deposit till 20th May, 1994. If the amount was in Fixed Deposits post this date, interest accrued on them should also be refunded. Simple interest at 8% p.a. should be calculated and paid if no Fixed Deposits were made. en-us Thu, 07 Mar 2019 00:00:00 +0530 Thu, 20 Jun 2019 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376529 The High Court Bombay directed the department to refund the seized cash and deposited amount with interest, release the original title deeds, and ensure compliance with the specified directions by a set deadline. The FERA Board's order was upheld, with the department instructed to return Rs. 6,000 with 8% interest from the date of seizure and refund Rs. 20,000 with 8% interest from the date of deposit till 20th May, 1994. If the amount was in Fixed Deposits post this date, interest accrued on them should also be refunded. Simple interest at 8% p.a. should be calculated and paid if no Fixed Deposits were made. Case-Laws FEMA Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376529