Issuance of refunds as a result of appeal - Income Tax - 509/CBDT

INSTRUCTION NO. 509/CBDT Dated : Feburary 17, 1973 Reference is invited to Board's Circular No.20 (LXXVI-42)D of 1962 dated 18.7.1962 and Instruction No.350 (F.No. 279/237/71-ITJ) dated 4.12.1971, wherein instructions were issued for prompt issue of refunds arising as a result of appeal or revision orders. In paragraph 2 of Circular No.20 (LXXVI-42)D of 1962 dated 18.7.1972 it was stipulated that in the case of refund falling due on account of appeal or revision proceedings, such refunds should be granted within a fortnight of the receipt by the I.T.O. of the appeal or revision order. All the appellate orders do not actually result in refund. In reiterating the instructions, it is particularly desired that in all instances appellate orders should be given effect to within a fortnight of receipt of the relevant orders by the Income-tax Officers. This may please be brought to the notice of all concerned.