Cough up penalty by Jan 30 or face action: IT dept

The income tax department has issued notices to 35 residents for not being able to furnish the sources of income that was used to buy properties. The department has set January 30 as the deadline for defaulters to file penalties, failing which their properties would be seized. During a routine checking of the account books of the sub-registrar in November, the department had rounded up more than 45 suspicious transactions in booking properties at various locations. Following this, the department had sent notices to all the individuals to state their sources of income. The checking was carried out by the investigation wing of the IT department. About a dozen individuals were able to provide the details within the stipulated time period.  

Source: Times of India