https://www.taxtmi.com/circulars?id=10413 The instruction removes the requirement for prior approval of the Commissioner of Income Tax for issuance of refunds; assessing officers may issue refunds without CIT clearance. For refunds exceeding Rs.1 lakh the assessing officer must obtain Deputy Commissioner approval, and a DC acting as assessing officer is personally responsible for verifying refund correctness and must follow the verification procedure from Instruction No.1889. Chief Commissioners must establish monitoring systems, including involving Commissioners of Income Tax, to prevent fraud and ensure correct refunds. en-us Thu, 02 Sep 1993 00:00:00 +0530 Mon, 13 Jun 2011 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10413 The instruction removes the requirement for prior approval of the Commissioner of Income Tax for issuance of refunds; assessing officers may issue refunds without CIT clearance. For refunds exceeding Rs.1 lakh the assessing officer must obtain Deputy Commissioner approval, and a DC acting as assessing officer is personally responsible for verifying refund correctness and must follow the verification procedure from Instruction No.1889. Chief Commissioners must establish monitoring systems, including involving Commissioners of Income Tax, to prevent fraud and ensure correct refunds. Circulars Income Tax Thu, 02 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10413