Probe on 30,000 cases where ITRs were revised post note ban
The Income Tax Department is probing over 30,000 cases of alleged tax evasion wherein IT returns were revised after demonetisation. The income tax returns filed after November 8, 2016 were scrutinised against their earlier tax compliance following which these cases were detected. Notably, the government has been contacting people whose bank deposits seemed to be suspicious post note ban.