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765/CBDT.
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....ar 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 wanted to know the particulars of cases involving refund ....
TaxTMI
TaxTMI