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2011 (11) TMI 103 - RAJASTHAN HIGH COURTInterest on belated refund - LIC deducted TDS on Insurance maturity - Refund on account of excess TDS - delay of about ten years - Held That:- Section 244 stipulate interest on refund where no claim is needed @ 15% p.a. on the amount of refund due from the date immediately following the expiry of period of three months to the date on which refund is granted. Accordingly, this writ petition is allowed.
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