New Delhi: A telecom company employee earning around Rs 12.6 lakh annually was allegedly shown to have carried out business transactions worth Rs 6.5 crore in just two months, leading to an income tax department inquiry over the alleged undisclosed income of Rs 9.2 crore.
The economic offences wing (EOW) of Delhi Police has registered an FIR on Nov 3 after the man approached police, claiming identity theft . The complainant learnt about the alleged identity theft on Sept 9 this year, when he received an income tax department notice under section 133(6) of the Income-tax Act. The notice, dated Aug 20, was sent to an address in Ghaziabad that he had vacated in 2013. They allegedly opened bank accounts in his name and filed GST returns reflecting a turnover of Rs 6.5 crore in just two months, April and May 2019. The scale of the alleged fraud became apparent when the department attributed transactions worth Rs 9.2 crore to his PAN and raised questions about undisclosed income. The complainant said his actual income for 2019-20 was Rs 12.6 lakh, on which TDS of Rs 1.4 lakh had been deposited.
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Unknown persons used his PAN to obtain two GST registrations in Delhi and operate fictitious business entities, according to his complaint. The complainant told investigators that he had never applied for GST registration, opened any business bank account, appointed a chartered accountant or tax practitioner, or issued or received any tax invoice. The transactions were allegedly carried out by fraudsters who used his PAN and KYC documents to obtain two GST registrations, float fictitious firms and open bank accounts in his name. He also denied receiving any money, commission or financial benefit from the alleged transactions. In his complaint to EOW, he expressed fear that his identity might have been misused for other transactions as well, potentially exposing him to tax demands, penalties and prosecution for activities he claimed had nothing to do with him. Police will also examine whether any bank officials or persons involved in processing GST registrations facilitated the fraud. Further investigation is under way. Download the TOI App.