I-T Dept snooping people's social media a misconception: CBDT

The notion that Income Tax Department snoops people's spending patterns on social media platforms to find tax evaders is a "misconception", Central Board of Direct Taxes (CBDT) Chairman PC Mody said. "We already get to know actual...financial transactions of people from authentic sources," he said. However, he said CBDT has deployed a data analytics system to profile entities' transaction trail.