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Shocker! Tax refunds being diverted to fake accounts

April 8, 2009

In the last financial year, refunds of Rs 41,419 crore (Rs 414.19 billion) were issued, while in the previous year those totalled Rs 40,701 crore (Rs 407.01 billion).

In Delhi alone, in 2008-09 refunds of Rs 9,459 crore (Rs 94.59 billion) were given against Rs 7,673 crore (Rs 76.73 billion) in 2007-08.

When contacted, a spokesperson of the Central Board of Direct Taxes told PTI that these instances would not affect the refunds and asserted that the computer systems of the Income-Tax department have not been hacked by outsiders.

Image: A police officer stands with handcuffs. | Photograph: Krishnendu Halder/Reuters

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