The monthly salary is only Rs. 5000 and Income Tax issued notice to pay penalty of Rs.3.5 crore

Ravi Gupta claims that Surat's diamond company opened a bank account on my page in Mumbai

(PTI) Bhopal, Tal. January 16, 2020, Thursday

A person in Bhind district of Madhya Pradesh has been sentenced to pay a fine of Rs 3.49 crore by the Income Tax Department for conducting transactions worth Rs 132 crore in FY 2011-12. Upon receipt of the notice, the man employed at a BPO company in Punjab was shocked.

Ravi Gupta, who works as an assistant manager at a Business Process Outsourcing (BPO) company in Ludhiana, said the notice was issued last month. The notice states that a bank account opened in Mumbai should expose a transaction of Rs 132 crore on their PAN number.

Gupta has stated that his annual salary was Rs 60,000 when he was employed at BPO Company in Indore in FY 2011-12. He claimed that some scammers may have opened a bank account using his PAN number. However, Ravi did not receive any information about this.

Gupta further stated that Glatier's IT office had issued a notice to me on December 17, 2019. In which, I have been ordered to pay a fine of Rs 3.49 crore by January 17. I was shocked when I received the notice.

Gupta made the announcement in Glare's IT office, but he is unwilling to believe that the transaction was reported. Gupta then launched an investigation on his own.

The investigation revealed that Surat's diamond company, which operates in Mumbai, had opened a bank account using Gupta's PAN number. This bogus account was closed after some transactions involving Rs 132 crore in this account.

The Surat-based company's Mumbai-based office was located near the office of Mehul Choksi and Nirav Modi, a dealer in Bhayagada diamond. Gupta further stated that an income tax officer threatened me that if I did not deposit the penalty amount, the house I bought on loan would be taken to the tank.