1. Budget 2021 demands officer to enquire/give opportunity/get approval before issue of notice

2. Since 148A requires senior officers’ approval, duplication u/s 148 r.w.s 151 is withdrawn

3. Widen the scope of suggestive information to form for the officer to believe of escapement of income

4. It covers information from Risk management strategies, audit objections, cross country Governmental information, faceless collection, court matters

5. Reassessment provisions can be invoked up to 10 assessment years preceding the year of search or survey.

6. Faceless collection of information does not require pre inquiry u/s 148A

7. Enlarge coverage of cases to reopen for 10 years. Earlier it was 50 lacs in a year and now 50 lacs in aggregate of 10 years & escapement represented in form of assets now enlarge to cover expenditure relating to the transaction, event and also entries in books

8. The extended time limit for reopening is for matters relevant to AY 2021-22