Interest on excess refund.
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....of this Act, where any refund is granted to the assessee under section 270(1), and- (a) no refund is due on regular assessment; or (b) the amount refunded under section 270(1) exceeds the amount r....
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....unt of refund granted under section 270(1) is held to be correctly allowed, either in whole or in part, then, the interest chargeable, if any, under sub-section (1) shall be reduced accordingly. (3) ....




TaxTMI
TaxTMI