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of <h1>Board Issues Instructions to Streamline Tax Returns and Prioritize Refunds; Scrutiny for High-Income and Fringe Benefit Tax Cases.</h1> The Board has released instruction no. 12/2008 to streamline the processing of income tax returns and expedite refund claims, establishing a priority system. Additionally, instruction no. 11/2008 addresses the scrutiny of returns for cases where the declared income is Rs. 5 crore or more and where Fringe Benefit Tax (FBT) provisions are applicable. These measures aim to enhance efficiency in handling tax-related matters.
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