Interest on excess refund.

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..... pay simple interest at the rate of one-half per cent. per month on the excess amount of refund granted to him in circumstances specified in sub-section (2) for the period mentioned in sub-section (3). .....

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..... ection 159. (3) The period referred to in sub-section (1) shall commence from the date of grant of refund and end on the date of regular assessment. (4) The interest chargeable, if any, under sub-sect .....

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