......... Sources said the department had recovered the tax money from defaulters under a special drive called 'Project UCB' launched on the directions of the Reserve Bank of India. (UCB stands for urban cooperative banks.) Under 'Project UCB, which was launched four years ago, the I-T department was able to identify 1,500 defaulters and detect more than Rs 55 crore income on which tax returns were filed only after the defaulters were issued notices.......
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