The Calcutta High Court yesterday directed the Income Tax Department (IT Department) that refund, if any, of money seized in a raid should be made in valid/ new currency.

The order was passed by Justice Joymalya Bagchi in an application moved by the assessee for modification of an earlier order passed in 2015.

Advocates Raj Dip Ray, Mousomee Shome and Sandip Ray appeared for the assessee.

The case began . . .