Amendment status not verified — confirm the current text below against the official source.
lf ony tox ordered to be refunded under sub-section (5) of section 54 to ony opplicont is not refunded within sixty doys lrom the dote of receipt of opplicotion under sub-section (l ) of thot section, interest ot such rote not exceeding six per cent. os moy be specified in the notificotion issued by the Government on the recommen- dotions ofthe Council sholl be poyoble in respect of such refund from the dote immediotely ofter the expiry of sixty doys from the dote of receipt of opplicotion under the soid sub-section till the dote of refund of such tox: Provided thot where ony cloim of refund orises from on order possed by on odjudicoting outhority or Appellote Authority orAppellote Tribunol or court which hos ottoined finolity ond the some is not re{unded within sixty doys from the dote of receipt of opplicotion filed consequent to such order, inter- est ot such rote not exceeding nine per cent. os moy be notified by the Government on the recommendotions of the Council sholl be poyoble in re- spect ol such refund from the dqte immediotely ofter the expiry of sixty doys from the dote of receipt of oppli- cotion tillthe dote of refund. Explonotion.--For the purposes of this section, where ony order of re- fund is mode by on Appellote Author- ity, Appellote Tribunol or ony court ogoinst on order of the proper officer under sub-sedion (5) of sedion 54, the order possed by theAppellote Author- ity, Appellote Tribunol or by the court sholl be deemed to be on order possed under the soid sub-section (5). lnterest on deloyed refunds. 192