Interest on refunds ensures repayment includes statutory interest from payment date until refund is made. When an amount paid for admission of appeal is ordered to be refunded by the Appellate Authority or Appellate Tribunal, the refund must include interest at the statutory rate, calculated from the date of payment until the date of refund.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest on refunds ensures repayment includes statutory interest from payment date until refund is made.
When an amount paid for admission of appeal is ordered to be refunded by the Appellate Authority or Appellate Tribunal, the refund must include interest at the statutory rate, calculated from the date of payment until the date of refund.
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