https://www.taxtmi.com/acts?id=51971 Where a refund previously granted is not due on subsequent regular assessment, or exceeds the refundable amount, the assessee must pay simple interest at the prescribed monthly rate on the whole or excess refunded amount for the period from grant of refund to the date of regular assessment; interest is reduced to the extent later orders uphold the refund, and first-time assessments under the special assessment provision are treated as regular assessments for these purposes. en-us Thu, 14 Aug 2025 18:24:18 +0530 Mon, 08 Sep 2025 13:03:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51971 Where a refund previously granted is not due on subsequent regular assessment, or exceeds the refundable amount, the assessee must pay simple interest at the prescribed monthly rate on the whole or excess refunded amount for the period from grant of refund to the date of regular assessment; interest is reduced to the extent later orders uphold the refund, and first-time assessments under the special assessment provision are treated as regular assessments for these purposes. Act-Rules Income Tax Thu, 14 Aug 2025 18:24:18 +0530 https://www.taxtmi.com/acts?id=51971