Section 14 - Amendment of Section 220 - Finance Act, 1963

14. Amendment of Section 220 In section 220 of the Income tax Act, to sub section (2), the following proviso shall be, and shall be deemed always to have been, added, namely : Provided that, where a result of an order under section 154, or section 155, or section 250, or section 254, or section 260, or section 262, or section 264, the amount on which interest was payable under this section had been reduced, the interest shall be reduced accordingly and the excess interest paid, if any, shall be refunded.