MP Man Earning Rs 7,000 Slammed With Rs 134 Cr Tax Notice, Investigation Leads Him To Mehul Choksi

Supported by

A 29-year-old from Bhind district of Madhya Pradesh was slammed with an income tax notice asking him to explain transactions of Rs 134 crores made to a business account which was opened with his Permanent Account Number (PAN) in Mumbai in 2011-12.

Ravi Gupta, on receiving a notice from the IT Department, learnt that a transaction of ₹134 crores was made through the account of a company with a private bank’s branch in Mumbai between September 9, 2011, and February 13, 2012.

‘I was hardly 21 when these transactions were made. I had not been to Mumbai or Gujarat in 2011 or 2012. I was then working with a private firm in Indore, earning ₹7,000 a month, which is non-taxable,’ Gupta said, as reported by The Times Of India.

Gupta has written to the MP cyber cell, Maharashtra Police, Prime Minister’s Office, and to the Income Tax officers seeking clarification and urging them to clear him of this tax recovery case.

Under a pretext of not having a taxable income, Gupta ignored the tax notices that were served to him twice, one on March 30, 2019, and then again in July.

When he visited the income-tax offices in Mumbai to inform them of the misinformation, the I-T department threatened to attach his properties for recovery of the dues.

Believing it to be a case of money laundering, he started his own investigation to trace the route of the transactions of the firm which led him to the absconding jeweller Mehul Choksi and his nephew Nirav Modi.

The two accused in the Rs 12,700 crore Punjab National Bank (PNB) fraud. Gupta claimed that the transactions were made by a Gujarat-based diamond trading company.

A senior I-T official said Ravi can file a complaint seeking a probe, reported The National Herald.

Gupta was called for by I-T department in December asking to furnish his account details, PAN card, TIN registration and firm registration in Gujarat among several other documents.

He informed that he had no connections with the diamond company and brought to their notice that the account had only his PAN with a forged signature.

‘They should investigate how transactions of over ₹100 crores were made from an account that didn’t have a local address,’ Gupta said.

Also Read: 21 Income Tax Officers Compulsorily Retired By Government Over Corruption Charges

#PoweredByYou We bring you news and stories that are worth your attention! Stories that are relevant, reliable, contextual and unbiased. If you read us, watch us, and like what we do, then show us some love! Good journalism is expensive to produce and we have come this far only with your support. Keep encouraging independent media organisations and independent journalists. We always want to remain answerable to you and not to anyone else.

Leave a Reply

Your email address will not be published. Required fields are marked *

Featured

Amplified by

P&G Shiksha

P&G Shiksha Turns 20 And These Stories Say It All

Amplified by

Isha Foundation

Sadhguru’s Meditation App ‘Miracle of Mind’ Hits 1 Million Downloads in 15 Hours, Surpassing ChatGPT’s Early Growth

Recent Stories

Fact‑Check: What the ₹1.25 Cr Figure After the Air India Tragedy Really Means

Mumbai School Teacher and Accomplice Arrested for Repeated Sexual Assault of 16-Year-Old Student in Hotels Over a Year

Rajasthan’s Padampura Village Protects 700-Year-Old Neem Grove, Setting Model for Grassroots Conservation

Contributors

Writer : 
Editor : 
Creatives :