The High Court quashed the assessment, consequent upon which the sum was refunded without interest. On a writ petition seeking interest under section 132B(4)(b) of the Act for the period following the expiry of 120 days from the date on which the last authorization for search was executed until the date of completion of assessment and interest under section 244A until the date of the refund. High Court  directed the Revenue to  pass a   reasoned order in accordance with law and giving liberty to the assessee if aggrieved by the order to file appropriate proceedings in accordance with law and left open the rights and contentions of all the parties.(AY.2013-14)