I-T department to crack the whip on black money hoarders

  • By TOI
  • | Tuesday | 13th February, 2018

These tax recovery officers have been given special monthly targets of property attachments and they can proceed immediately with the auction of the attached property. Also, emphasis was laid on the Operation Clean Money (OCM) data available with the department. They have declared their source of income and the department is verifying their claims. There are 1,416 people, who have not replied to the notices and legal action is being taken against them. However, efforts are being taken to check if Benami Transactions (Prohibition) Act can be invoked in such cases.

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