"Revenue collection under the direct taxes regime is a challenging task. Keeping in mind the government's intention of providing a non-adversarial tax regime the department has decided to run this pilot project to ensure that no source of revenue is left untapped," sources privy to the development told PTI.

"This is just a pilot project and many more economic expenditure indicators in various other cities would also be taken up in a confidential manner," he said.

The department, under this latest exercise, will also electronically track capital gains made from the transaction of sale of transfer of development rights in Maharashtra's economic powerhouse Pune, while the said unit will track capital gains made from the sale of immovable assets in Madhya Pradesh's capital Bhopal as it will closely monitor purchase of luxury cars and Sports Utility Vehicles (SUVs) in Lucknow.

The I-T will also analyze and monitor the house boats business in the port city of Kochi in Kerala while it will also keep a track of capital gains made from the land sold to an ambitious seaport project of the state government.

In the West Bengal capital city of Kolkata, the taxman has been tasked to keep a track of expenditure made in the production of film and television serials including similar content being made and sold across various media platforms.

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