The Headlines – Tax refund update: CBDT gives concurrent powers to CPC Bengaluru for rectifications; what it means for taxpayers

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The Headlines – Tax refund update: CBDT gives concurrent powers to CPC Bengaluru for rectifications; what it means for taxpayers

The CBDT has empowered the Income Tax Commissioner at Bengaluru’s CPC to directly rectify assessment order mistakes under Section 154. This move aims to expedite corrections for taxpayers, addressing issues like miscalculations and missed credits, thereby reducing delays and enhancing transparency in the refund process.

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