The income tax (IT) department is matching the “tax profiles” of all property registrations of above Rs.30lakh under the provisions of the Benami Act, as action against illicit asset holders is set to intensify, Central Board of Direct Taxes(CBDT) Chairman
Sushil Chandra said on Tuesday. He said the department is also investigating hell companies whose operations were recently "debarred" by the government as part of the drive to check black money generation. - www.business-standard.com[15-11-2017]