Interest on delayed refunds accrues from the appellate order unless refund depends on subsequent officer decision triggering a new start. Where an appellate order directly fixes a refundable sum or mandates recomputation, the refund is deemed due as a consequence of that order and interest time runs from the end of the month in which it is passed. If the appellate order requires further enquiries or a decision by the Income-tax Officer before a refund arises, the refund is not due from the appellate order; the period for interest begins when the officer reaches the requisite conclusion.
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 refunds accrues from the appellate order unless refund depends on subsequent officer decision triggering a new start.
Where an appellate order directly fixes a refundable sum or mandates recomputation, the refund is deemed due as a consequence of that order and interest time runs from the end of the month in which it is passed. If the appellate order requires further enquiries or a decision by the Income-tax Officer before a refund arises, the refund is not due from the appellate order; the period for interest begins when the officer reaches the requisite conclusion.
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