https://www.taxtmi.com/caselaws?id=176131 For section 14A(7) of the Excess Profits Tax Act, 1940, an order giving effect to appellate directions can still constitute a "regular assessment" if it is made or modified under section 14. On that reading, where excess tax paid under provisional assessment is refunded pursuant to the later assessment order, interest remains payable from the date of payment of the excess tax until the date of refund. The provision's compensatory purpose supports this interpretation, and the refund is not excluded merely because it follows appellate proceedings. en-us Wed, 03 Oct 1984 00:00:00 +0530 Mon, 14 Dec 2015 13:23:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176131 For section 14A(7) of the Excess Profits Tax Act, 1940, an order giving effect to appellate directions can still constitute a "regular assessment" if it is made or modified under section 14. On that reading, where excess tax paid under provisional assessment is refunded pursuant to the later assessment order, interest remains payable from the date of payment of the excess tax until the date of refund. The provision's compensatory purpose supports this interpretation, and the refund is not excluded merely because it follows appellate proceedings. Case-Laws Income Tax Wed, 03 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176131