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 ... Summary
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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