Interest on Delayed Refunds Starts Three Months After Refund Application, Not from Deposit Date During Investigation.

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Full Text of the Document

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....Entitlement of Interest on delayed refund - relevant date for calculation of Interest - interest is payable only from the date after completion of 3 months from the date of filling the refund application - the interest in any case is not payable from the date of deposit of the amount during the investigation.....