The income tax department will set up a separate division in 2016 to scale up its trawling of unreported high-value transactions aimed at bringing more individuals into the tax net, officials said.
The proposed non-compliance monitoring wing to be set up in New Delhi will help step up the number of letters sent to individuals about their unreported high-value deals, the details of which the department has procured directly from financial institutions such as credit card providers and mutual funds.

Source - http://www.financialexpress.com