Consequential refund well in time to avoid payment of interest.

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..... efund due inter alia as a result of appellate orders, so that the government did not have to pay interest for delays beyond the specified period. Sec.244 of I.T.Act has been amended by the Taxation Laws(Amendment Act), 1970 to provide that w.e.f 1-4-71, interest payable by Government on delayed refunds consequent on appellate orders, will be payable after a period of 3 months from the end of the m .....

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..... terest. The AACs may please be advised in this behalf accordingly and a close watch kept over the timely receipt of the fortnightly batches of appellate orders from them. Any inordinate delays may be pointed out to the AACs and in case of persistence, necessary notice may be taken and the matter also intimated to the board. - Circular - Trade Notice - Public Notice - Instructions - Office orders .....

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