Interest u/s 132B is allowable on entire sum seized regardless of any post-assessment adjustments

HIGH COURT OF DELHI G.L. Jain versus Commissioner of Income-tax-XI WP (C) no. 876 OF 2012 AUGUST 28, 2012 ORDER S. Ravindra Bhat, J.  ADMIT. 2. With consent of counsel for the parties, matter was heard finally for disposal. 3. The petitioner seeks a writ or direction to the respondents to allow interest to the tune of Rs. 22,85,842/- for the alleged inordinate delay in releasing the amount of Rs. 92,82,700/– under Section 132-B(3) of the Income Tax Act. 4. The brief facts of the case are that a search and seizure action was conducted on 16.02.2005, and cash amount of R...