Income Tax Dept Sends Rs 46 Crore Tax Notice to Madhya Pradesh
An inquiry found that a Bihar supervisor had created an account in his name at a PNB branch in Delhi's Uttam Nagar West seven years prior
Income Tax
Income Tax
The Income Tax Department Office in Madhya Pradesh has issued a stunning tax notice of ₹46 crore to Ravindra Singh Chauhan, a cook at a dhaba (roadside eatery).
Reports state that Chauhan, who receives a meager ₹10,000 a month, was not aware of any such transactions. After discovering questionable financial activity from a bank account opened in his name worth more than ₹46.18 crore, the Income Tax Department issued the notification.
The warning seems to be related to an identity fraud case. A guy named Shashi Bhushan, Chauhan's former supervisor, is accused of deceiving him into opening a bank account in Delhi years ago under the guise of assisting him with his Provident Fund (PF). To Chauhan, this account was thereafter purportedly connected to a business named Shaurya Traders and utilized for the fraudulent transactions.
Chauhan is attempting to establish his innocence by obtaining legal counsel and submitting a police complaint. He has claimed that he is unrelated to the business or the substantial sum of money. The case emphasizes how susceptible people are to financial crimes in which their identity and documents are being abused.
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An inquiry found that a Bihar supervisor had created an account in his name at a PNB branch in Delhi's Uttam Nagar West seven years prior. Then, a business called Shaurya International Traders exploited this account to conduct illicit transactions totaling crores. A fraud case has been submitted by the victim to the Siraul police station in Gwalior.
The victim's home received a letter written in English. They forgot about it since no one could comprehend it. On July 25, however, a second warning came, and he showed the document to a local lawyer he knew. The attorney recognized it as an Income Tax Department notification.
After investigating, they found that in addition to his account in Bhind, there was another account in his name that was active in Delhi and connected to Shaurya Trading Company.
Transactions of Rs 46 crore were performed using this account. There is still Rs 13 lakh in the account balance. When the victim called Shashi Bhushan Rai, the supervisor, about it, he brushed it off, saying that he was a victim of a similar scam and was now employed by a private company in Patna, Bihar.
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