Tuesday 24 February 2015

Assessee is eligible for interest on belated refund after expiry of 3 month from date of filing refu

Excise & Customs : There is no provision under section 11BB that relevant date for determining interest on belated refund will be postponed in any eventuality; interest accrues from expiry of 3 months from date of refund applications and date of appellate order granting/upholding refund is immaterial


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