CBDT halves refunds issue time till fiscal-end
Government body Central Board of Direct Taxes (CBDT) on Monday instructed the Income Tax Department to process the refund-related grievances of public, pending this fiscal, in 15 days instead of the stipulated 30 days. This is a one-time measure intended to clear the large volume of pending cases and will be valid only till March 31, 2016, it added. 