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    <title>2018 (4) TMI 1556 - CESTAT HYDERABAD</title>
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    <description>Interest on a delayed refund becomes payable after expiry of three months from receipt of the refund application and continues until the refund is actually sanctioned. The contrary view that interest could run only from the date of the Tribunal&#039;s refund order was held inconsistent with the law declared by the Supreme Court, so the assessee was entitled to interest from the end of the statutory three-month period rather than from the later sanctioning order.</description>
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      <description>Interest on a delayed refund becomes payable after expiry of three months from receipt of the refund application and continues until the refund is actually sanctioned. The contrary view that interest could run only from the date of the Tribunal&#039;s refund order was held inconsistent with the law declared by the Supreme Court, so the assessee was entitled to interest from the end of the statutory three-month period rather than from the later sanctioning order.</description>
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