The Nationalist Congress Party (NCP) today filed its reply before the Income Tax authorities here two weeks after a notice was issued to them seeking an explanation over the cash deposit of more than Rs 34 crore in the party's account without any depositor details like the PAN number.
However, dissatisfied with the "vague" reply, IT officials have granted one more week time to the party to file a clear response in the matter.
"The NCP filed their reply but it was very vague...There was no information about the deposit of money to the bank account. We were not satisfied with their reply and have given one week's additional time to them," official sources said.
Sources in the income tax department said that NCP, in its reply said that they have raised the money by distributing coupons of different denominations across Maharashtra but it lacked clarity following which it was directed to explain the details about the publisher of the coupon and also given a questionnaire that the party needs to answer.
Though NCP has sought time from IT authorities' till June 20 for their next reply, the sleuths have refused such a long time and asked them to file their response by next week.
Two weeks ago, the IT's investigation unit had summoned the party and asked them to provide documents and relevant details to it after tax men detected the movement of funds in the NCP account in the Bank of Maharashtra Nariman Point branch between April 1, 2013-April 21, 2014.
The I-T raised a query as none of the deposits prima facie reflect the Know Your Customer (KYC) details required for such cash deposits, like Permanent Account Number (PAN) or other banking details of the depositors, sources added.