Interest on refunds: taxpayers receive simple interest for delayed tax refunds, subject to exclusions and adjustment rules. Entitlement to simple interest on tax refunds is prescribed with monthly calculation from specified start dates depending on refund source; small refunds may be excluded. Interest for refunds following taxpayer applications runs from application date. Additional interest applies where refunds follow administrative or appellate orders, covering the post-assessment statutory period until refund, excluding periods when refunds are lawfully withheld or delayed by the taxpayer. Delays attributable to the taxpayer are excluded, disputed exclusions are finally decided by senior commissioners, and subsequent assessment adjustments increase or reduce interest accordingly.
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: taxpayers receive simple interest for delayed tax refunds, subject to exclusions and adjustment rules.
Entitlement to simple interest on tax refunds is prescribed with monthly calculation from specified start dates depending on refund source; small refunds may be excluded. Interest for refunds following taxpayer applications runs from application date. Additional interest applies where refunds follow administrative or appellate orders, covering the post-assessment statutory period until refund, excluding periods when refunds are lawfully withheld or delayed by the taxpayer. Delays attributable to the taxpayer are excluded, disputed exclusions are finally decided by senior commissioners, and subsequent assessment adjustments increase or reduce interest accordingly.
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