https://www.taxtmi.com/circulars?id=9682 Statutory interest is payable to assessees where refunds are delayed or where amounts paid under assessment or penalty are later found refundable on appeal; interest runs from the date of excess payment until refund is granted. To address omissions by officers, two prescribed computation sheets are mandated: one for general delayed refunds and one for refunds resulting from assessments or penalties reversed on appeal, and these forms must be used immediately to ensure consistent calculation and payment of interest. en-us Wed, 04 Jun 1986 00:00:00 +0530 Wed, 08 Jun 2011 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9682 Statutory interest is payable to assessees where refunds are delayed or where amounts paid under assessment or penalty are later found refundable on appeal; interest runs from the date of excess payment until refund is granted. To address omissions by officers, two prescribed computation sheets are mandated: one for general delayed refunds and one for refunds resulting from assessments or penalties reversed on appeal, and these forms must be used immediately to ensure consistent calculation and payment of interest. Circulars Income Tax Wed, 04 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9682