Income-Tax Department has processed 3.27 crore re turns and has issued refunds in 1.81 crore cases during April-December period of this fiscal. Centralized Processing Centre (CPC), Bengaluru, has processed 3.27 crore returns as of Dec 31, registering a growth
of 18% over 2.65 crore returns processed during the corresponding period of the previous fiscal. “During the current financial year, the CPC has issued refunds in 1.81 crore cases out of which in 1.32 crore cases, that is 73%, the refunds were issued within
30 days of filing by the taxpayers,“ an official statement said. - www.economictimes.indiatimes.com