https://www.taxtmi.com/acts?id=50723 Insertion of section 244A establishes a statutory right to simple interest on tax refunds: for refunds from advance tax the interest runs from 1 April of the assessment year, with a proviso excluding trivial refunds; in other cases interest runs from the date(s) of payment as defined. Periods of delay attributable to the assessee are excluded, with the Chief Commissioner or Commissioner deciding disputes. Interest is adjusted where later orders increase or reduce the refund base, and excess interest recovered by notice of demand; the section applies from the assessment year commencing 1 April 1989. en-us Mon, 14 Apr 2025 18:13:48 +0530 Mon, 14 Apr 2025 18:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50723 Insertion of section 244A establishes a statutory right to simple interest on tax refunds: for refunds from advance tax the interest runs from 1 April of the assessment year, with a proviso excluding trivial refunds; in other cases interest runs from the date(s) of payment as defined. Periods of delay attributable to the assessee are excluded, with the Chief Commissioner or Commissioner deciding disputes. Interest is adjusted where later orders increase or reduce the refund base, and excess interest recovered by notice of demand; the section applies from the assessment year commencing 1 April 1989. Act-Rules F. Acts / Amendment Acts Mon, 14 Apr 2025 18:13:48 +0530 https://www.taxtmi.com/acts?id=50723