I-T dept rejects declarations of over Rs 2 lakh crore by ‘suspicious’ people
Police and income tax officials with realtor Mahesh Shah, who declared Rs 13,860 crore under the Income Declaration Scheme in Ahmedabad. (PTI Photo)
The government will not take into account two high-value disclosures under an amnesty scheme for tax dodgers — Rs 2 lakh crore by a Mumbai family of four and Rs 13,860 crore by an Ahmedabad-based real estate businessman.
The Union finance ministry said the declarations were rejected as these were “suspicious in nature, being filed by persons of small means”.
According to the income tax department, the family’s case was rejected because three of the four PAN numbers were originally in Ajmer, which were migrated in September 2016 to Mumbai, the place of declaration.
Likewise, Gujarati realtor Mahesh Shah’s case looked fudgy too. He had threatened to disclose names of politicians and businessmen for whom he was allegedly acting as a front.
Shah, who declared unaccounted for income of Rs 13,860 crore before going “missing” and then surfacing on TV on Saturday, faced questions from taxmen through the night before being allowed to leave for a day.