I-T department to cross-check refunds

I-T department to cross-check refunds
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First Published: Mon, Jan 25 2010. 11 23 PM IST
Updated: Mon, Jan 25 2010. 11 23 PM IST
New Delhi: The income-tax (I-T) department will cross-check all tax refunds of over Rs1 lakh despatched in the current fiscal year after they detected their computer systems had been breached to generate fake refund orders.
“The system of handling high-value refunds will be replaced with a more robust and foolproof system,” a finance ministry press release said, without giving details.
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First Published: Mon, Jan 25 2010. 11 23 PM IST