I-T Dept In Hunt For Small Evaders As Deadline Looms
The Times of India Delhi|February 16, 2021
New Delhi: Suddenly, there has been a surge in reopening of returns of small-time tax evaders, with income tax authorities deploying investigation units to search and survey suspect cases of tax evasion of up to Rs 50 lakh.
Abhinav Garg & Pradeep Thakur
I-T Dept In Hunt For Small Evaders As Deadline Looms

Cases are being reopened for assessment years 2015-16, 2016-17 and 2017-18 as no action will be possible beyond March 31 for these three years.

Changes proposed in the budget confined reopening of tax assessment to three years from the earlier six years. However, assessment can be re-opened for up to 10 years if there is concrete evidence of concealed income of Rs 50 lakh and above. The amendments are yet to be notified.

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