Income Tax Notice issued to a farmer’s son for having Bank Transaction worth Rs 300 Cr

The Income Tax (IT) Department has issued a notice to the son of a farmer, who is a small computer operator in Khandwa, Madhya Pradesh. His accounts have been requested to account for bank transactions totaling 300 crores. Because his Aadhar and PAN (Permanent Account Number) was used to open the accounts from which the transaction was made.

As per Young Man, his KYC Documents have been Misused:

The ground slid beneath the young man’s feet after reading the Income Tax notice, and he said that his KYC Documents (Aadhaar & PAN) have been misused. In the matter, he has made complaints to the SP and the Indore commissioner. Income Tax has scheduled a hearing for March 15th.

Praveen Rathor, a Deshgaon resident, claims that from 2011 to 2015, he worked in an Indore call center. He now works as a computer operator in a private company after leaving his previous employment. His salary is very minimal, and he is exempt from paying income taxes. The notice of a deal worth 300 crores rupees devastates his senses. I’m at a loss on what to do next. The youth has also filed a complaint with the Indore Commissioner and the Khandwa SP in this regard. Working in a private company as a computer operator. He had handed the company PAN cards and paperwork while working at an Indore call center. During this time, a PAN card was also required.

Transaction worth 300 crores was completed in first 6 months of 2013:

According to Praveen Rathore, the Income Tax Department in Khandwa issued a notice in April of last year. In which an answer was sought for transactions totaling Rs 300 crore in Axis Bank accounts. In November 2021, the second notification will be issued. In 2013, two accounts in the name of Romit Enterprises, Mumbai, were created in two different Axis Bank locations.

Praveen’s PAN card is displayed. For the past six months, around 2.90 crore 45 lakh rupees have been exchanged in these accounts. In December 2013, the accounts created on June 28 and July 27 in the Andheri West branch were closed. They have no idea who started these accounts or how their paperwork got to the account opener.

Never created an account with Axis Bank Mumbai or even visited Mumbai

Praveen Rathore claims that he has never visited Mumbai before. He hasn’t even created an Axis Bank account. Praveen went to the Axis Bank office in Khandwa to find out what was going on and inquired about his purported account. He discovered that the account had been formed in 2013. And after a long period of time, this account was closed due to a large number of transactions. Following the use of Praveen’s PAN card in this account, Praveen went to the Khandwa Superintendent of Police’s office and asked that he file a fraud case with him in front of the police.