Wtax/1475/2018 Of Sudarshan Kumar Jindal v. Commissioner Of Income Tax I And Another

Case :- WRIT TAX No. - 1475 of 2018 Petitioner :- Sudarshan Kumar JindalRespondent :- Commissioner Of Income Tax I And AnotherCounsel for Petitioner :- Ashish Bansal,S. K. GargCounsel for Respondent :- S.S.C.,Praveen Kumar Hon'ble Pankaj Mithal,J.Hon'ble Pankaj Bhatia,J. Heard Sri Ashish Bansal, learned counsel for the petitioner and SriPraveen Kumar, learned counsel for the Income Tax Department. In this petition, two prayers have been made. One is for the release of theshare certificates and the other is for payment of additional interest on theamount which was seized during the search and seizure operation. It is acceptable to the parties that during the pendency of the petition theshare certificates have already been released. In view of the above, the first prayer made in the writ petition has been setto rest. In regard to the second prayer, Sri Praveen Kumar, learned counsel for theIncome Tax Department submits that in case petitioner moves a freshapplication for the demand of additional interest on the seized amountwhich has been refunded, it shall be considered by the Department withina reasonable time. In view of the above, we permit the petitioner to make a fresh applicationin this regard in continuation to the earlier application moved in the year2010 and the same shall be considered by the Department in accordancewith law most expeditiously, if possible within a period of one month ofthe filing of the said application. With the above said directions, petition is disposed of. Order Date :- 4.12.2018Hasnain