https://www.taxtmi.com/caselaws?id=37068 Section 14A(7) of the Excess Profits Tax Act, 1940 requires interest on excess tax paid under provisional assessment from the date of payment until the refund order, and "regular assessment" extends to assessment orders giving effect to appellate or rectification directions. Where a refund arises only after such proceedings, the assessee remains entitled to statutory interest on the refunded amount for the relevant period. Denial of interest on the refunded sum was inconsistent with the statutory scheme and was held unlawful. en-us Wed, 18 Jul 1979 00:00:00 +0530 Fri, 26 Mar 2010 12:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37068 Section 14A(7) of the Excess Profits Tax Act, 1940 requires interest on excess tax paid under provisional assessment from the date of payment until the refund order, and "regular assessment" extends to assessment orders giving effect to appellate or rectification directions. Where a refund arises only after such proceedings, the assessee remains entitled to statutory interest on the refunded amount for the relevant period. Denial of interest on the refunded sum was inconsistent with the statutory scheme and was held unlawful. Case-Laws Income Tax Wed, 18 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37068