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Stationary shop owner gets IT notice for Rs 12 crore transaction, says his financial data misused

06:15 PM Apr 05, 2023 | PTI |

A physically challenged stationary shop owner in Rajasthan’s Bhilwara on Wednesday said he has received a show-cause notice from the Income Tax Department for a transaction of Rs 12.23 crore which he did not do.

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Kishangopal Chaparwal, a resident of Sanjay Colony, said he has lodged a complaint with the Subhash Nagar police station, stating that someone is misusing his financial data.

Chaparwal said he runs a stationery shop and works as a photographer at weddings.

The notice, received by post on March 28, has shocked him and his family, he said.

Chaparwal said when he consulted a chartered accountant, he told him that his PAN was misused in Mumbai and Surat to float two diamond shell companies to do bogus transactions running into several crores.

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”I set up the shop after taking a loan. I am unable to pay the installments. I earn Rs 8,000 to 10,000 per month. I have nothing to do with these bogus companies. Some fraudsters have cheated me,” he told 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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