Punjab and Haryana High Court awards 6% on Delayed Release of Seized Cash

A school teacher’s ₹30 lakh was seized in December 2011 and released only in January 2017, although the assessment concluded in March 2014 without any addition to his declared income. The High Court awarded statutory interest under Section 132B(4) for the period after the initial 120 days until assessment, and further interest at 6% per annum from the day after assessment until actual release. It directed payment within four weeks.