Chironjilal Sharma Huf vs Union Of India & Ors

The Supreme Court held that the appellant is entitled to interest under Section 132B(4)(b) of the Income Tax Act, 1961 for the period from 1.12.1990 to 4.3.1994, following the order under Section 132(5) dated 31.5.1990. The Court clarified that the interest accrues after the expiry of six months from the date of the order until the date of the regular assessment order. The judgment reinforces the interpretation of statutory provisions regarding the calculation of interest on seized assets.