https://www.taxtmi.com/news?id=2636 Search and seizure and business surveys under the Income Tax Act are undertaken on the basis of specific, credible information and prior verification, with IT tools like CASS and ITDMS used to select and verify cases unobtrusively. The Note reports a decline in the number of search warrants and surveys in the current year compared with earlier years, asserts that substantial undeclared income has been detected and admitted in searches and surveys, and stresses that intrusive action is taken only when unavoidable, given the relative infrequency of such actions among the taxpayer base. en-us Mon, 02 Jan 2012 10:32:53 +0530 Mon, 02 Jan 2012 10:32:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2636 Search and seizure and business surveys under the Income Tax Act are undertaken on the basis of specific, credible information and prior verification, with IT tools like CASS and ITDMS used to select and verify cases unobtrusively. The Note reports a decline in the number of search warrants and surveys in the current year compared with earlier years, asserts that substantial undeclared income has been detected and admitted in searches and surveys, and stresses that intrusive action is taken only when unavoidable, given the relative infrequency of such actions among the taxpayer base. News - Mon, 02 Jan 2012 10:32:53 +0530 https://www.taxtmi.com/news?id=2636