https://www.taxtmi.com/acts?id=41273 The amendment prescribes a capped monthly interest rate for refunds arising from an Assessing Officer's order following an application by the assessee, to be calculated from the application date to the refund date, effective 1st October, 2023. It also provides that, for additional interest computation where assessment or reassessment is pending, the period during which the refund is withheld under the statutory withholding provision until the date the assessment/reassessment is made shall be excluded, effective 1st April, 2023. en-us Wed, 01 Feb 2023 16:14:14 +0530 Wed, 01 Feb 2023 16:14:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41273 The amendment prescribes a capped monthly interest rate for refunds arising from an Assessing Officer's order following an application by the assessee, to be calculated from the application date to the refund date, effective 1st October, 2023. It also provides that, for additional interest computation where assessment or reassessment is pending, the period during which the refund is withheld under the statutory withholding provision until the date the assessment/reassessment is made shall be excluded, effective 1st April, 2023. Act-Rules Bill Wed, 01 Feb 2023 16:14:14 +0530 https://www.taxtmi.com/acts?id=41273