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Consequential refund well in time to avoid payment of interest.
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.... the need for prompt issue of refund due inter alia as a result of appellate orders, so that the government did not have to pay interest for delays beyond the specified period. Sec.244 of I.T.Act has been amended by the Taxation Laws(Amendment Act), 1970 to provide that w.e.f 1-4-71, interest payable by Government on delayed refunds consequent on appellate orders, will be payable after a period of....