ITR Correction Made Easy: CBDT’s New Rule To Speed Up Refunds
The notification, issued on October 27, 2025, empowers the Centralised Processing Centre (CPC), Bengaluru, to make quick corrections under Section 154 of the Income Tax Act, 1961 — without reopening the entire assessment process.
Nov 08, 2025, 16:27 PM IST
Tax Dept issues refunds of over Rs 1.17 lakh crore
Income-tax Department issued tax refunds of over Rs 1.17 lakh crore in the last financial year ended March 31, of which Rs 37,870 crore was done in an automated manner.
Apr 04, 2016, 15:35 PM IST