PAN Misused To Float Shell Companies, Says Rajasthan Shop Owner, Who Got Rs 12 Cr IT Notice

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PAN Misused To Float Shell Companies, Says Rajasthan Shop Owner, Who Got Rs 12 Cr IT Notice


The discover, obtained by put up on March 28, has shocked him and his household, the store proprietor stated.

Chaparwal stated he runs a stationery store and works as a photographer at weddings.

A bodily challenged stationary store proprietor in Rajasthan’s Bhilwara on Wednesday stated he has obtained a show-cause discover from the Income Tax Department for a transaction of Rs 12.23 crore which he didn’t do.

Kishangopal Chaparwal, a resident of Sanjay Colony, stated he has lodged a grievance with the Subhash Nagar police station, stating that somebody is misusing his monetary knowledge.

Chaparwal stated he runs a stationery store and works as a photographer at weddings.

The discover, obtained by put up on March 28, has shocked him and his household, he stated.

Chaparwal stated when he consulted a chartered accountant, he informed him that his PAN was misused in Mumbai and Surat to drift two diamond shell corporations to do bogus transactions operating into a number of crores.

“I arrange the store after taking a mortgage. I’m unable to pay the installments. I earn Rs 8,000 to 10,000 monthly. I’ve nothing to do with these bogus corporations. Some fraudsters have cheated me,” he informed reporters.

“The I-T Department has sent a notice to me for submitting details related to a transaction of Rs 12.23 crore. I appeal to the authorities to provide relief in the matter,” he added.

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(This story has not been edited by News18 employees and is printed from a syndicated information company feed)



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