Amendment status not verified — confirm the current text below against the official source.
Exemption f.om payment ofinterest- NotwithstanclinS anything conlained in sectiorl3l or 32' no irtercst slldl be pxylble ln such cases or under such circumstances and subjcct to such conditions, ifany, as nray bc prescribcd 34, Interest payable by Cornnissioner- The Cornmissioner'shall in the prcscribe.l nunner, piry a simple i'te'est at thc rute oflwo per centum lor each calendar month of delay in making lefund to a deale( ol lhe amountoflax paid inexcesswhichariscsolltofanorderunderseclion7'+,sectionT6orscctiouTT'passcdonor alter the appoinledday, from the lhirty tlNl dny ol lhe date lbllowing thc dale olsuch order .upto the datc Preceding lhe date ia which the reiund is nade in the manllcr lclerrcd to in section 53. upon fie amount oftax relundable to him 'Lccording to such or'der'