I-T refunds amounting to Rs 14,632 crore have been issued to around 1.58 million individual assessees and corporate tax
refunds amounting to Rs 11,610 crore have been given to 1,02,392 assessees during this period. However, a few tax consultants noted that in some cases, these refunds have been adjusted against outstanding tax demand for other years even if the dispute was pending before higher appellate authorities.
"Further, refunds are not being issued in cases where scrutiny of assessment is pending. It will indeed be a welcome step if the refunds are issued in all cases," said a tax consultant, on condition of anonymity.