Central Board of Direct Taxes (CBDT) asked tax officers to give taxpayers two weeks' time to respond to such notices, which can be further extended at taxpayers' request in genuine cases.
Expenditure aggregating to more than Rs 800 crore has been booked in the guise of purchase of services from a specific event management entity.
The raids were launched on March 23, and the country's largest two-wheeler maker had then said it was extending full cooperation to the tax authorities.
CBDT, which is the apex decision making body on direct taxes, has extended the deadline for linking PAN with Aadhaar many times and the last date now is March 31, 2022.
A large number of incriminating evidence is reported to have been seized by the I-T Dept during search operations.
Offices and residential premises of the promoters including chairman and CEO of the group Pawan Munjal in Gurugram, Haryana, Delhi and few other locations are being covered.
The search action covered more than 45 premises in Delhi NCR, Chandigarh, Ludhiana, Lucknow and Indore.
Earlier, taxpayers used to 'struggle' to get this information but now they have it at their fingertips, the CBDT chief JB Mohapatra said.
The group could not be reached for comments immediately. Omaxe is one of the leading real estate developers of Delhi-NCR.
Officials said the search teams are checking financial documents and accounts of the institute that has centres in other cities too.
The IT raids are allegedly linked to the Brihanmumbai Municipal Corporation — the richest civic body in the country. Aaditya said these raids are happening because BMC elections are due.
I-T department detects benami assets, hawala transactions after raids on Sena Corporator, BMC contractors
Sources said the "prominent person" was Shiv Sena corporator Yashwant Jadhav, who is also the chairman of the BMC standing committee.
A team of tax department officials is undertaking the raids against Jadhav, also the chairman of the BMC standing committee, since early morning.
The officials looked at financial documents, account books and company records as part of a tax evasion investigation against the company. Some records have been seized too.
Kevin Pietersen claimed that he had lost his PAN Card and wanted help immediately as he would be traveling to India soon.