> v. Assistant Commissioner Of Income Tax Cerntarl Circle 5 Delhi

$~13 *IN THE HIGH COURT OF DELHI AT NEW DELHI+W.P.(C) 14777/2025RAJIV KUMAR GUPTA .....Petitioner Through:Mr Nitin Gupta, Mr Ayush Chauhan,Ms Tia Sachdeva, Advocates. versus ASSISTANT COMMISSIONER OF INCOMETAX CERNTARL CIRCLE 5 DELHI .....RespondentThrough:Mr.SunilAgarwal,SSCMr.ShivanshB.Pandya,Mr.ViplavAcharya, Ms. Priya Sarkar, JSCs andMr. Utkarsh Tiwari, Advocate. CORAM:HON'BLE MR. JUSTICE V. KAMESWAR RAOHON'BLE MR. JUSTICE VINOD KUMAR O R D E R13.10.2025 % 1.This petition has been filed with the following prayer:- “(a)PassanappropriateWrit/Order/Direction,directing the Respondent to immediately release theseized amount of Rs.70,00,000/- (Rupees Seventy Lakhsonly) which was seized during the course of the searchand seizure proceedings, along with the applicableinterest under Section 132B(4) of The Income Tax Act,1961 till the date of assessment and 12% interest fromthe date of assessment till the date of payment thereof,to the Petitioner; and” 2.On the last date of hearing, the learned counsel for the respondenthad sought time to take instructions. At this stage, the learned counsel forthe petitioner states that the seized amount of Rs.70.00 Lacs has beenreleased to the petitioner on 03.10.2025.His only submission is that the interest thereon has not been granted. 3.On this, Mr Sunil Agarwal, submits that the issue of grant of interestshall be considered by the Assessing Officer (AO) within a period of sixweeks from today, as an outer limit. 4.If that be so, we dispose of the writ petition by directing the AO toconsider the issue of grant of interest in accordance with law andcommunicate its decision to the petitioner. If the petitioner is entitled to theinterest, the same shall be released within four weeks thereafter, but if thepetitioner is aggrieved by any order to be passed, liberty shall be with thepetitioner to seek the remedy, as available in accordance with law. 5.The petition is disposed of. V. KAMESWAR RAO, J OCTOBER 13, 2025 M VINOD KUMAR, J