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of <h1>Interest Payable on Tax Refunds Delayed Over 60 Days Under Section 48; Applies to Appellate Orders Too</h1> If a tax refund under Section 48 is delayed beyond sixty days from the application receipt date, interest is payable at a rate specified by government notification. This interest accrues from the day after the sixty-day period until the refund is made. If a refund order is issued by an Appellate Authority, Tribunal, or Court against a proper officer's decision, it is considered an order under Section 48(5) for interest calculation purposes.
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