https://www.taxtmi.com/caselaws?id=49003 Interest on a sanctioned refund arising from provisional assessment accrues only after the assessment is finalised, because the refund becomes legally due at that stage and not on the date of the refund application. On that reasoning, interest starts after the expiry of three months from the date of final assessment, at the rate prevailing during the relevant period. The refund claimant was therefore entitled to interest from 17-5-2001, being three months after finalisation on 16-2-2001, and not from the earlier refund claim date. en-us Mon, 16 Aug 2004 00:00:00 +0530 Sat, 07 Aug 2010 16:12:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49003 Interest on a sanctioned refund arising from provisional assessment accrues only after the assessment is finalised, because the refund becomes legally due at that stage and not on the date of the refund application. On that reasoning, interest starts after the expiry of three months from the date of final assessment, at the rate prevailing during the relevant period. The refund claimant was therefore entitled to interest from 17-5-2001, being three months after finalisation on 16-2-2001, and not from the earlier refund claim date. Case-Laws Customs Mon, 16 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49003