May put names involved in suspect transactions on website, making explanations mandatory Anyone who has deposited cash or purchased highvalue items after the November 8 demonetisation not in line with income declared in tax returns may have reason to worry as the authorities sift through tonnes of data generated in the past two months or so. They are also using data analytics to parse for points of similarity to see if any attempt has been made to split up transactions to avoid suspicion. The income tax department is likely to put such names on its website soon, making it mandatory for them to explain such transactions. Armed with information on deposits and purchases in the wake of demonetisation, the tax department is pursuing presumed wrongdoing with unprecedented intensity. “We are working on a new online mechanism whereby names of those whose deposits or trans actions do not match will be put up and information be accessed via permanent account number (PAN) of the indivi