Adjustment of interest: where assessment orders reduce the taxable base, interest is reduced and excess interest refunded. Where an order under specified revision, rectification or appeal provisions reduces the amount on which interest was payable, the interest shall be reduced accordingly and any excess interest paid shall be refunded; the proviso is treated as always having been part of the provision to secure adjustment and refund where applicable.
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Provisions expressly mentioned in the judgment/order text.
Adjustment of interest: where assessment orders reduce the taxable base, interest is reduced and excess interest refunded.
Where an order under specified revision, rectification or appeal provisions reduces the amount on which interest was payable, the interest shall be reduced accordingly and any excess interest paid shall be refunded; the proviso is treated as always having been part of the provision to secure adjustment and refund where applicable.
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