Undergraduate Student Receives Income Tax Summons Over Rs 20.98 Crore Transactions, Alleges PAN-Aadhaar Misuse by Shell Company:

Undergraduate Student Receives Income Tax Summons Over Rs 20.98 Crore Transactions, Alleges PAN-Aadhaar Misuse by Shell Company On Friday, the Income Tax Department sent a summons to a student pursuing graduation for alleged income and business transactions amounting to Rs 20.98 crore. The student is a resident of Uttar Pradesh's Unnao. The student has contended that her Aadhaar and PAN cards were misused by a bogus company based in Delhi. The student has been identified as Rashmi Savita. The aforementioned summons has been sent to Savita under Section 131(1A) of the Income Tax Act and she has been given the time limit of May 05 to respond. She stated that she had later discovered that her documents were being allegedly misused by a shell company named RS Enterprises operating from the Burari area of Delhi.

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According to the research done by Savita, the firm had started its operations from January 15, 2025, and got closed on May 9, 2025. Savita says that she did not have any knowledge of the firm or about any businesses connected to it. She claims that her father, Ajay Shankar, is a daily-wage labourer. Her family has claimed that they pertain to a poor background and they have never established any company or business in the past that is worth crores. However, they have discovered that someone had misused their documents to allegedly create a fake firm and use the same to conduct bogus financial transactions.

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Despit the confusion, Savita has filed a proper response to the Income Tax Department within the prescribed time limit granted by them and has filed a complaint on the public grievance portal over the alleged misuse of her key documents, including Aadhaar and PAN cards. She has also requested the police formally to begin an investigation into the present matter and register a fraud case against the individuals involved in this crime. The case has created confusion for the department, as Savita has claimed that she did not even have the knowledge of her documents being misused to create a fake firm and carry out transactions worth Rs 20.98 crore. The investigation in the present case is ongoing.