The government is trying various ways to plug the loopholes so that the motive behind the demonetisation move is not defeated. One of its targets was bringing out unaccounted wealth. In this regard, different government departments are coming up with new circulars, notices and press releases regularly. In a recent notice, the Central Board of Direct Taxes (CBDT) stated its concern regarding filing of revised income tax returns by tax payers. CBDT stated in the notice that, “any instance coming to the notice of income-tax department, which reflects manipulation in the amount of income, cash-in-hand, profits, and fudging of accounts may necessitate scrutiny of such cases.” It can further lead to penalty or prosecution as well. So, if you are filing a revised tax return, here’s a look at which of the changes can attract scrutiny. Revising a return Once you file an income tax return, you are allowed to file a revised return under section 139(5) of the Income-tax Act, 1961. You ca