https://www.taxtmi.com/caselaws?id=11654 Under section 64(7) of the Estate Duty Act, 1953, a refund of excess estate duty following reduction of the assessment carries an obligation to pay interest. The discretion under the provision was confined to fixing the rate of interest, not to deciding whether interest was payable at all. As the assessment had been reduced in appellate and reference proceedings and the refund was made much later, interest on the refunded amount was directed to be paid at six per cent. en-us Wed, 23 Apr 2003 00:00:00 +0530 Fri, 05 Feb 2010 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11654 Under section 64(7) of the Estate Duty Act, 1953, a refund of excess estate duty following reduction of the assessment carries an obligation to pay interest. The discretion under the provision was confined to fixing the rate of interest, not to deciding whether interest was payable at all. As the assessment had been reduced in appellate and reference proceedings and the refund was made much later, interest on the refunded amount was directed to be paid at six per cent. Case-Laws Income Tax Wed, 23 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11654