Interest on excess refund.

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....ovisions 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(....

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.... 368 or 377 or 378, the amount 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....