Allowing the petition the Court held  that when there was no tax liability, and after the order of assessment for assessment year 2011-12, i. e., December 31, 2012, there was no justification at all to retain the balance amount of Rs. 13,51,714. The assessee was entitled to a refund of the amount. He was also entitled to interest as per the Income-tax Act from April 1, 2013, i. e., after three months from the date of order of assessment for the assessment year 2011-12. ( AY. 2011-12 )