I-T dept finds 2,138 new shell firms In a fresh clampdown on shell companies, the income tax (I-T) department has identified 2,138 firms that deposited unaccounted cash during the demonetisation period. Tax officials have found deposits of Rs 1,321 crore so far, and expect the amount to swell to ~5,000 crore. The new data also have details of 3,676 directors and associated entry operators, who deposited cash in banks during the note ban period (November 8 to December 30, 2016). According to tax officials, the fresh data include both listed and unlisted firms, allegedly associated with some of the big corporate entities, which have used these firms to deposit their unaccounted cash in banks. The new list has been prepared on the basis of challan identification numbers (CINs) of the shell firms and then segregated by mapping it with the jurisdiction of the Registrar of Companies for incorporation information of shell companies. The data, so far, show gross amounts of cash deposited i