Interest on refunds for appeal deposits accrues from payment until refund when an appellate order mandates repayment. Interest on refund arises where an amount paid for admission of an appeal is required to be refunded consequent to an order of the Appellate Authority or Appellate Tribunal; interest is payable from the date of payment until refund at the rate specified under the statute governing interest.
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 for appeal deposits accrues from payment until refund when an appellate order mandates repayment.
Interest on refund arises where an amount paid for admission of an appeal is required to be refunded consequent to an order of the Appellate Authority or Appellate Tribunal; interest is payable from the date of payment until refund at the rate specified under the statute governing interest.
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