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I-T begins monitoring cash flow ahead of polls

The I-T department has also communicated with the Customs on the inflow of gold and cash in the country via air routes.

Mumbai | Published: April 4, 2014 12:36:57 am

Director General of Income Tax (Investigations) Suresh Jandhyala on Thursday announced that monitoring of sectors that rely on large-scale cash transactions had begun ahead of elections and that unaccounted cash and bullion would be seized.

Jandhyala said a meeting between top officials of Directorate of Revenue Intelligence, Enforcement Directorate, Railways and state police was held to ensure a co-ordinated action plan to check flow of unaccounted cash.

“A central control unit is in place to monitor the election expenditure in the different constituencies across the city. We have set up six quick response teams to act on information and complaints received by it before the election,” Jandhyala said.

The I-T department has also communicated with the Customs on the inflow of gold and cash in the country via air routes.

“The agency will focus on unaccountable cash above Rs 10 lakh and bullion over 1 kg. Along with Mumbai police, we will carry out random checks at the airport and railway stations. A special unit has been formed for mobile surveillance,” Jandhyala said.

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