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Black money

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(Querist)
09 July 2012 suppose mr X had not filled return right from he was earned till now but he was liable to fill return ( income more than maximum limit chargable to tax) and assessment more than 6 years is not open by AO
whats happend in case od rade
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B Ravi Kumar ACMA, MBA, M Com

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B Ravi Kumar ACMA, MBA, M Com (Expert)
09 July 2012 IT Dept has right to search & seize the money, imprisonment, issue notices, investigate etc.
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CA Himanshu Malviya

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CA Himanshu Malviya (Querist)
09 July 2012 but income tax department has not right to open cases more than 6 years even person having a black income
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