CHIRONJILAL SHARMA HUF vs UNION OF INDIA .

The Supreme Court ruled that under Section 132B(4)(b) of the Income Tax Act, 1961, the appellant is entitled to interest on the seized amount from the expiry of six months post the order under Section 132(5) until the date of the regular assessment order. The Court clarified that the interest accrues from 1.12.1990 to 4.3.1994, as the regular assessment was completed on the latter date. The appeal was allowed, affirming the entitlement to interest as claimed by the appellant.