Adjudicating Authority to Grant 12% Annual Interest on Refunds of Pre-Deposits Made Under Protest from Deposit Date.
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....Entitlement to interest on refund - refund of the pre-deposit made or deposit made during investigation, under protest - The Adjudicating Authority is directed to grant interest @ 12% p.a. from the date of deposit till the date of refund. - AT....
TaxTMI