Income-tax profiling is norm in evasion cases: Finmin
The finance ministry has clarified that when there is information about large financial deals that are unreported or huge tax evasion, an attempt is made to bring together all financial information about the person from sources such as AIR, BCTT, STT, income-tax and wealth-tax returns. The object is to construct a financial profile of the person. IT profiling is a standard device adopted as an anti-tax evasion measure, the ministry said.