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Interest on Delayed Tax Refunds Starts After 3 Months Per Section 11BB; Special Cases Consider Finance Bill, 1995.

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....Section 11BB - liability to pay interest on delayed refunds starts on expiry of three months from the date application for refund is filed or in cases covered by the proviso to sec.11BB, on expiry of three months from the date Finance Bill, 1995 received the assent of the President - HC....