Ravi Gupta, from Madhya Pradesh's Bhind district, said he did not know how the account was created, and believed that it was money laundering.
The Income Tax Department requested Ravi Gupta to clarify transactions worth Rs 134 crore that happened in 2011-12 at a period when he received Rs 7,000.
The Income Tax Department requested Ravi Gupta to clarify transactions worth Rs 134 crore that happened in 2011-12 at a period when he received Rs 7,000.
The Notification requesting a clarification of the transactions was rendered in a business account opened with Gupta's Permanent Account Number (PAN) number, The Times of India said.
The assessee, who comes from Madhya Pradesh's Bhind district, told the paper that he did not know how the account was created, and believed that it was money laundering.
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Gupta said his own investigation into the company revealed a link to absconding jewellers Mehul Choksi and Nirav Modi. He claims the transactions were made by a Gujarat-based diamond trading company.
Modi and Choksi have been identified in the Punjab National Bank (PNB) scam, which is expected to surpass Rs 14,000 crore.
"I was only 21 when these transfers were made. I haven't been to Mumbai or Gujarat in 2011 or 2012. I employed with a private company in Indore, collecting Rs 7,000 a month, which is non-taxable," said Gupta.
The I-T department threatened to attach its assets to recover the money, Gupta told the publication, adding that he had written to the cyber cell of Madhya Pradesh, Maharashtra police, the Office of the Prime Minister (PMO) and I-T officials to help resolve the case.
Gupta may file a complaint and demand an investigation, a senior I-T officer is quoted as saying in the report.
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