Op Clean Money-II: I-T to issue notices to 60,000 people

60,000 persons, including 1,300 high risk persons, have been identified for investigation

Press Trust of India  |  New Delhi 

The department will investigate over 60,000 individuals under the second phase of the 'Operation Clean Money' which was launched today with an aim to detect generation post

The (CBDT), policy-making body of the department, said it has detected undisclosed over Rs 9,334 crore between the period of November 9, 2016 till February 28 this year.



The notes ban was announced by Prime Minister Modi on November 8 last year.

"More than 60,000 persons, including 1,300 high risk persons, have been identified for investigation into claims of excessive sales during the period. More than 6,000 transactions of high value property purchase and 6,600 cases of outward remittances shall be subjected to detailed investigations (under Operation Clean Money II).

"All the cases where no response is received shall also be subjected to detailed enquiries," the CBDT said.

A senior officer said advanced data analytics has been used to identify suspect deposits before launching the latest edition of the operation.

As part of the first phase of the 'Operation Clean Money', launched on January 31 this year, the department had sent online queries and investigated 17.92 lakh persons out of which 9.46 lakh persons have responded to the department.

Op Clean Money-II: I-T to issue notices to 60,000 people

60,000 persons, including 1,300 high risk persons, have been identified for investigation

60,000 persons, including 1,300 high risk persons, have been identified for investigation The department will investigate over 60,000 individuals under the second phase of the 'Operation Clean Money' which was launched today with an aim to detect generation post

The (CBDT), policy-making body of the department, said it has detected undisclosed over Rs 9,334 crore between the period of November 9, 2016 till February 28 this year.

The notes ban was announced by Prime Minister Modi on November 8 last year.

"More than 60,000 persons, including 1,300 high risk persons, have been identified for investigation into claims of excessive sales during the period. More than 6,000 transactions of high value property purchase and 6,600 cases of outward remittances shall be subjected to detailed investigations (under Operation Clean Money II).

"All the cases where no response is received shall also be subjected to detailed enquiries," the CBDT said.

A senior officer said advanced data analytics has been used to identify suspect deposits before launching the latest edition of the operation.

As part of the first phase of the 'Operation Clean Money', launched on January 31 this year, the department had sent online queries and investigated 17.92 lakh persons out of which 9.46 lakh persons have responded to the department.
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