The Income Tax Department (ITD) on Tuesday announced the initiation of its Operation Clean Money, the e-platform the Department will be using to analyse deposits made during the demonetisation window. “Initial phase of the operation involves e-verification of large cash deposits made during November 9 to December 30, 2016,” the official statement said. “Data analytics has been used for comparing the demonetisation data with information in ITD databases.” In the first batch, around 18 lakh persons have been identified where cash transactions do not appear to be in line with the tax payers’ profiles. The Department highlighted the fact that all queries related to these will be sent online, and so there would be no question of physical harassment by income tax officials. — Special Correspondent
