https://www.taxtmi.com/caselaws?id=112852 Interest on delayed refund under Section 11BB applies to refunds arising from pre-deposits made under Section 35F, but the statutory entitlement can be waived by a conscious and intentional relinquishment of the right. A written communication stating that no interest would be claimed for delay in settling the refund claims was treated as clear evidence of waiver, especially where it was not repudiated. On those facts, the denial of interest was upheld because the assessee had expressly abandoned the claim. en-us Tue, 30 Dec 2003 00:00:00 +0530 Wed, 02 May 2012 11:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112852 Interest on delayed refund under Section 11BB applies to refunds arising from pre-deposits made under Section 35F, but the statutory entitlement can be waived by a conscious and intentional relinquishment of the right. A written communication stating that no interest would be claimed for delay in settling the refund claims was treated as clear evidence of waiver, especially where it was not repudiated. On those facts, the denial of interest was upheld because the assessee had expressly abandoned the claim. Case-Laws Central Excise Tue, 30 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112852