Interest on delayed refund: interest payable when appellate-ordered deposit refund is not made within three months unless stayed. Where an amount deposited by an appellant pursuant to an appellate authority order under the proviso to section 35F must be refunded, failure by the adjudicating authority to refund within three months of communication of that order triggers payment of interest from the end of the three-month period until refund at the statutory interest rate; the interest obligation is suspended if the appellate order's operation is stayed by a superior court or tribunal.
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 delayed refund: interest payable when appellate-ordered deposit refund is not made within three months unless stayed.
Where an amount deposited by an appellant pursuant to an appellate authority order under the proviso to section 35F must be refunded, failure by the adjudicating authority to refund within three months of communication of that order triggers payment of interest from the end of the three-month period until refund at the statutory interest rate; the interest obligation is suspended if the appellate order's operation is stayed by a superior court or tribunal.
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