Interest on delayed refunds.

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..... s may be specified in the notification issued by the Government on the recommendations of the Council shall be payable in respect of such refund 1 [ for the period of delay beyond sixty days from the date of receipt of such application till the date of refund of such tax, to be computed in such manner and subject to such conditions and restrictions as may be prescribed ] : Provided that where any .....

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..... the Appellate Authority, Appellate Tribunal or by the court shall be deemed to be an order passed under the said sub-section (5). ************** NOTES:- 1. Substituted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-10-2023 before it was read as, from the date immediately after the expiry of sixty days from the date of receipt of application under the said sub-section till the date of refun .....

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