https://www.taxtmi.com/caselaws?id=46476 Where a fixed deposit receipt is furnished as security under an interim court order because the applicant could not provide a bank guarantee, the interest earned on that deposit need not be retained if the opposing party's interest is already safeguarded by the disputed amount and the relevant interest and penalty components. On that basis, the court held there was no justification for withholding the accrued interest on the fixed deposit receipt and directed its release to the applicant. en-us Thu, 24 May 2001 00:00:00 +0530 Sat, 03 Dec 2022 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46476 Where a fixed deposit receipt is furnished as security under an interim court order because the applicant could not provide a bank guarantee, the interest earned on that deposit need not be retained if the opposing party's interest is already safeguarded by the disputed amount and the relevant interest and penalty components. On that basis, the court held there was no justification for withholding the accrued interest on the fixed deposit receipt and directed its release to the applicant. Case-Laws Customs Thu, 24 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46476