TMI BlogInterest in terms of Section 244A - When an order of refund is issued, the same should include interest...Interest in terms of Section 244A - When an order of refund is issued, the same should include interest payable on the amount, which is refunded. If the refund does not include interest due payable on the amount refunded, the revenue would be liable to pay interest on the short fall. This does not amount to payment of interest on interest. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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