Mumbai, April 19 -- With increasing computerisation of the income tax department, and the collection of data, based on Permanent Account Numbers, the tax authorities have been moving to a system of verification of such information, and taking action if such verification shows that the relevant income has not been offered to tax. The verification seems to have been carried out in many cases for financial year (FY) 2011-12. Where income has not been offered to tax in the return of income, a notice is issued for reassessment. Since reassessment can't happen after seven years from the end of the relevant FY (six years from the end of the assessment year), except where it is on account of foreign income and assets, the tax authorities seem to ha...