Court directs IT officials to return ₹5 cr. with 12% interest

Court directs IT officials to return ₹5 cr. with 12% interest

The Hindu

Observing that seizure of ₹5 crore by Hyderabad Income Tax officials nearly 18 months ago from a private company employee was illegal, the Telangana High Court directed them to refund the money within four weeks. The order was passed by a bench of Justices M.S. Ramachandra Rao and T. Amarnath Goud in two writ petitions, one filed by M/s Mectec and the other by its employee Vipul Kumar Patel.
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