Income Tax Department Issues Notice To Ajmer Laundry Worker Over ₹598 Crore Transactions
The Income Tax Department has served a formal notice to a roadside cloth presser in Ajmer, Rajasthan, regarding financial transactions totaling ₹598.50 crore. Jitendra, who operates a small laundry business, received the statutory communication detailing massive turnover linked to his Permanent Account Number (PAN).
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Misuse of Lost Documents and Identity Theft
The discrepancy came to light after the individual reported that he had lost his PAN card approximately two years ago. Investigations into the matter suggest that unidentified fraudsters utilized the lost document to commit identity theft and establish a business entity in Surat, Gujarat.
The fraudulent firm was used as a front to facilitate heavy financial movement. Preliminary findings indicate the bank account associated with this firm was specifically utilized for high-value diamond trade transactions, far exceeding the financial profile of the cardholder.
Police Probe Involvement of Bank Officials
The Rajasthan Police have initiated a formal investigation into the suspected financial scam following the recovery of the tax notice. The scope of the probe has expanded to include the role of a private bank manager and a businessman based in Pali.
Authorities are examining how the bank account was opened and verified without the physical presence or consent of the actual PAN holder. Investigators are currently tracing the money trail to identify the primary beneficiaries of the diamond trade firm registered in Surat.
Context of PAN-Related Fraud in India
Cases of PAN misuse for shell company operations have seen a rise, prompting tax authorities to tighten verification norms. In this instance, the victim only became aware of the documentation theft after the Income Tax Department flagged the ₹598.5 crore turnover as part of its routine monitoring of high-value transactions.