I-T Department exposes fake Kolkata firm, seizes ?1.78 crore
The Income-Tax department has exposed a Kolkata-based fake firm and seized unaccounted cash worth ?1.78 crore from its account at an Axis Bank branch. The money was deposited in the fake firm's account after the demonetisation move. A Varanasi-based local businessman and his wife were found registered as the firm's directors, who denied any links with the deposited money.
Varanasi, Dec 30 (PTI) The Income-Tax department has exposed a Kolkata-based bogus firm and seized unaccounted cash worth Rs 1.78 crore from its account at a private bank here. The money was deposited at Chowk branch of Axis bank in the account of a Kolkata based firm Himadri Wincom Private Limited after the demonetisation move, said GR Nirwan, Assistant Director of IT (investigation). A Varanasi-based local businessman Sudhir Rastogi and his wife Asha Rastogi were found registered as the firms directors, he said. Sudhir runs a business of makeup items and his annual income filed with the IT-department is around Rs 5-6 lakh. During investigation, Rastogi denied any links with the deposited money in the bank account and has also given an affidavit to the I-T department in this regard. He claimed that he had already quit the firm a year ago and had not deposited the cash in the bank. Following the suspicious transaction, IT department sealed the account and seized the unaccounted cash worth Rs 1.78 crore out of total Rs 2.35 crore, deposited between November 10 to 29, said GR Nirwan, Assistant Director of IT (investigation). He said the IT department went through the records of the firm and tried to find out its registered address in Kolkata, but could not find it there. 