https://www.taxtmi.com/caselaws?id=34055 A writ petition under Article 226 was held unsuitable for a disputed claim for interest on seized assets because the claim was essentially for recovery of money, depended on contested facts, and could have been pursued by civil suit. On the statutory issue, interest under Section 132B(4) was held payable only on money seized or requisitioned under the Act, not on bullion or jewellery. Silver bars were treated as bullion, not money, so the interest claim failed. The challenge to refusal of interest was therefore rejected on both maintainability and merits. en-us Wed, 24 Oct 2007 00:00:00 +0530 Thu, 09 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34055 A writ petition under Article 226 was held unsuitable for a disputed claim for interest on seized assets because the claim was essentially for recovery of money, depended on contested facts, and could have been pursued by civil suit. On the statutory issue, interest under Section 132B(4) was held payable only on money seized or requisitioned under the Act, not on bullion or jewellery. Silver bars were treated as bullion, not money, so the interest claim failed. The challenge to refusal of interest was therefore rejected on both maintainability and merits. Case-Laws Income Tax Wed, 24 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34055