I-T dept sent 3,000 notices for high deposits post note ban
The I-T Department has issued around 3,000 notices to assessees for unmatched deposits in bank accounts, while it has seized ₹393 crore in cash and jewellery over the past five weeks. Since demonetisation, people have been unscrupulously trying to convert their black money holdings into white by depositing them in banks, Central Board of Direct Taxes Chairman Sushil Chandra said.