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Income Tax Refund Processing Slows as High-Value Claims Face Scrutiny
Income tax refund delays intensified searches nationwide as 6.
Search interest in income tax refunds surged nationwide as delays affected lakhs of taxpayers. Government data shows 8.18 crore ITRs filed, 7.87 crore verified, but only 6.95 crore processed so far. The Income Tax Department is scrutinising high-value and red-flagged refund claims, causing temporary holdups, while low-value refunds continue to be released.