Question

With respect to the Direct Tax Proposal under Union Budget 2023-24, consider the following statement:
I. 45% of the returns on tax payers' portal were processed within 48 hours.
II. Average processing period reduced from 93 to 16 days in 8 years.
III. Processed more than 6.5 crore returns this year. Which of the above statements is/are not correct?

A I and II only
B II and III only
C III only
D I, II and III
E I only
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