Interest on excess refund.

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....l be liable to pay simple interest at the rate of one-half per cent. per month on the excess amount of refund granted to him in circumstances specified in sub-section (2) for the period mentioned in s....

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....he amount refundable on assessment, assessment made under section 155 or section 156 or section 159.    (3) The period referred to in sub-section (1) shall commence from the date of grant....