Cash deals beware! AI joins I-T Deptt to hunt black money
Published on: June 30, 2026, 5:30 a.m. | Source: The Hitavada
the income tax (it) department has stepped up its use of artificial intelligence (ai) to monitor and analyse cash-heavy sectors in the city. the technology is now being deployed to identify irregular financial patterns in hawala transactions, dabba trading, real estate dealings and the construction sector. these sectors have traditionally operated with substantial cash flows. hawala transactions bypass formal banking systems, while dabba trading functions as an illegal parallel stock market conducted entire
