765/CBDT.

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....ation. "The refunds made u/s 243 of the Act during the year 1970-71 were the higher ever, the number and amount being 1,19,707 and Rs. 17.08 crores respectively. As against this, a sum of Rs. 4.05 crores was refunded in 76,912 cases during the year 1969-70. Thus, with only 54 per cent increase in the number of cases, the amount refunded recorded an increase of 324 per cent. Although the Committee ....