https://www.taxtmi.com/circulars?id=4610 The amendment requires interest on refundable tax or penalty amounts to be paid from the date the disputed amount was originally paid until refund is granted, subject to a one-month exclusion; instalment payments attract interest calculated on each instalment from its payment date to refund, the new rule supersedes earlier interest provisions, and computation uses rounding rules that ignore fractional months and round refundable amounts to the nearest whole hundred. Authorities must promptly receive and give effect to appellate or other orders to meet the one-month timeframe. en-us Tue, 11 Jan 1977 00:00:00 +0530 Thu, 31 Jul 2008 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4610 The amendment requires interest on refundable tax or penalty amounts to be paid from the date the disputed amount was originally paid until refund is granted, subject to a one-month exclusion; instalment payments attract interest calculated on each instalment from its payment date to refund, the new rule supersedes earlier interest provisions, and computation uses rounding rules that ignore fractional months and round refundable amounts to the nearest whole hundred. Authorities must promptly receive and give effect to appellate or other orders to meet the one-month timeframe. Circulars Income Tax Tue, 11 Jan 1977 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4610