https://www.taxtmi.com/caselaws?id=301893 Where seized cash was retained beyond the statutory period and the assessment under section 143(3) resulted in nil income, the Court held that the revenue could still be required to pay compensatory interest for the delayed release. Section 132B(4) governs interest up to completion of assessment, but the absence of an express post-assessment provision did not bar restitutionary relief when the money was wrongfully withheld without fault of the assessee. Compensation by way of interest was therefore justified for the period after the assessment, after crediting interest already paid. en-us Thu, 22 Apr 2021 00:00:00 +0530 Mon, 25 Apr 2022 20:44:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301893 Where seized cash was retained beyond the statutory period and the assessment under section 143(3) resulted in nil income, the Court held that the revenue could still be required to pay compensatory interest for the delayed release. Section 132B(4) governs interest up to completion of assessment, but the absence of an express post-assessment provision did not bar restitutionary relief when the money was wrongfully withheld without fault of the assessee. Compensation by way of interest was therefore justified for the period after the assessment, after crediting interest already paid. Case-Laws Income Tax Thu, 22 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301893