'Red-flagged' claims causing I-T refunds delay, payouts likely by Dec: CBDT head
CBDT Chairman Ravi Agrawal has commented on the delay in issuing income tax refunds. The Income Tax Department is analysing some of the claims, which were identified as "high-value" or were "red-flagged" due to claims of certain deductions, he said. "Low-value refunds are being released...We hope to release the remaining refunds by this month or by December," he added.