After sending letters to 70,000 high-value spenders who did not file their income tax returns, the tax department is all set to send another 30,000 notices this week. This may be the final batch of such letters in the current assessment year ending March 31.“Letters will be sent to 30,000 permanent account number (PAN) holders who carried out high-value financial transactions last year, but did not file income tax returns,” said a finance ministry official.The official added though this would be the last batch of letters this year, more PAN card holders would receive such notices from the income tax department next year.

Source - http://www.business-standard.com