2017 (4) TMI 1252

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....al for the Appellant Praveen Kumar for the Respondent JUDGEMENT The sole question which arises for consideration in this appeal is, "whether the tribunal is justified in rejecting the claim of interest on the amount refunded on the ground that there is no provision for paying interest on such amount?" It appears that some Indian currency was seized from the appellant in the year 2004."....

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.... earned interest on it, and the said amount is ultimately found/held to be refundable, it has to be refunded with interest. The question is no longer res integra, inasmuch as, in the case of Union of India through Director of Income Tax Vs. TATA Chemicals Limited reported in [(2014) 6 Supreme Court Cases 335], it has been held that when the collection is illegal, there is corresponding obligation ....