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Income Tax refunds worth over Rs 70,000 crore have been issued to the taxpayers and nearly all refund claims pending as on June-end has been processed, the Central Board of Direct Taxes (CBDT) said on Wednesday. The Income Tax Department had observed a dedicated fortnight from 1-15 June, which was later extended to 30 June in certain regions, to expeditiously clear pending matters of appeal effect and rectification.