Interest on refund where no claim is needed

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..... ], the Central Government shall pay to the assessee simple interest at 3[fifteen] per cent per annum on the amount of refund due from the date immediately following the expiry of the period of 4[three] months aforesaid to the date on which the refund is granted. 5[(1A) Where the whole or any part of the refund referred to in sub-section (1) is due to the assessee, as a result of any amount having .....

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..... nt was paid to the date on which the refund is granted : Provided further that no interest under this sub-section shall be payable for a period of one month from the date of the passing of the order in appeal or other proceeding : Provided also that where any interest is payable to an assessee under this sub-section, no interest under sub-section (1) shall be payable to him in respect of the amo .....

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..... months from the date of such order" by the Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4-1971. 3. Substituted for "twelve" by the Taxation Laws (Amendment) Act, 1984, w.e.f. 1-10-1984. Earlier, "twelve" was substituted for "nine" by the Finance Act, 1972, w.e.f. 1-4-1972, "nine" was substituted for "six" by the Taxation Laws (Amendment) Act .....

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