Assessee entitled to Interest on amount seized during search but not refunded within reasonable period

HIGH COURT OF MADHYA PRADESH Om Prakash Agrawal Versus Union of India W.P. No. 6094 OF 2008 NOVEMBER 5, 2012 ORDER 1. Petitioner has sought following reliefs:- “A. The Hon’ble Court may be pleased to direct the respondent to release the cash of Rs. 60,000/- which was seized during the course of search on 13.12.02 along with interest as provided u/s 132(B) of the Income Tax Act. B. Any other relief, which this Hon’ble Court deems fit, may also be granted. C. Costs of the petition.” Facts of the case are:- 2. That a search was conducted in the premises o...