If any amount is refundable to a taxpayer under an appellate order or any other proceeding taken under this Act, if such amount is not adjusted against the tax payable or treated as payment under the provisions of section 225, if the taxpayer does not raise any claim in this regard, the Deputy Commissioner of Taxes shall refund the said amount to the taxpayer within 60 (sixty) days from the date on which the said tax became refundable.