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of <h1>CBDT Directs Refunds Up to Rs. 5,000 Without Arrears Adjustment for AY 2013-14 & 2014-15 u/s 245.</h1> The circular from the Central Board of Direct Taxes, Ministry of Finance, India, dated January 14, 2016, outlines a directive to issue refunds up to Rs. 5,000 in non-CASS cases for assessment years 2013-14 and 2014-15 without adjusting outstanding arrears under Section 245 of the Income Tax Act. This decision aims to provide relief to small taxpayers. As of January 9, 2016, 64,938 refund cases below Rs. 5,000, totaling Rs. 1,148.14 crore, are pending. Assessing Officers are instructed to process these refunds by January 31, 2016, and submit a compliance report to the Member (Revenue).
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