IT Dept tightens shoe lace to check expenditures
Source: The Sangai Express
Imphal, April 04 2019:
The Directorate of Income Tax (Investigation), NER organised a "Synergy Meeting" of 24 Central and State agencies and banks today to harness their combined institutional and human intelligence for strengthening the Election Expenditure Monitoring exercise of ECI.
In a the Directorate of Income Tax said that this was the first such meeting organised to emphasise and explore the potential of informal joint efforts to contribute to free and fair elections by creating a multi-layered deterrence to use of black money during elections.
Participants included senior officials of police, CISF, CRPF, BSF, NIA, IB, DRI, ED, NCB, RBI, Railways, Airport Authority, Customs and leading banks.
In a symbolic gesture of cooperation and synergy between federal and State agencies, the meeting was jointly conducted by Sanjay Bahadur, Principal Director of Investigation, North East Region and Mukesh Agrawal, Additional Director General Police, Assam.
Detailed discussions were held on ways in which all agencies can pool in efforts and information to enable quicker reaction by Flying Squads of State authorities and Surveillance Teams of Income Tax whenever suspicious cash above Rs 10 lakh is mobilised.
Directorate officers gave several suggestions to banks, CISF, Airport Authority and railways to intensify monitoring and real-time reporting of high-value suspicious cash movement.
Anindita Bhattacharya, GM, RBI, Gautam Rai Choudhary, DGM, SBI and S Radhakrishnan, GM, Airport Authority of India assured full cooperation in this effort of Investigation Directorate.
Till date, Investigation Directorate has seized Rs 4.42 crore of cash under Income Tax laws.
Sanjay Bahadur specially praised CRPF and BSF who have also contributed to interception of cash that resulted in seizures.