Family 'declares' Rs 2 lakh crore, Centre rejects claim as false

December 05, 2016 09:06

Times of India reports: The government has rejected a declaration of Rs 2 lakh crore made under the Income Disclosure Scheme by four members of a Mumbai family as it was found to be "suspicious" and was made by persons with "very small means".

Abdul Razzaque Mohammed Sayed, Mohammed Aarif Abdul Razzaque Sayed, Rukhsana Abdul Razzaque Sayed and Noorjahan Mohammed Sayed claim to be residents of Jubilee Court in Bandra (West) and three of them had obtained PAN cards from Ajmer which were migrated to Mumbai in September.

Their declaration of Rs 2 lakh crore was nearly three times the size of the IDS mop-up estimated by the government. The tax department said it was probing the false declaration.

The government also said that the I-T department had rejected Ahmedabad-based Mahesh Shah's declaration of Rs 13,860 crore. Shah had gone missing after making the declaration, only to surface on Saturday. On questioning, he claimed he had made the disclosure on behalf of certain politicians and bureaucrats.

In a statement, the I-T department said the two declarations had not been included in its IDS calculations. Finance ministry sources said the Rs 2lakh crore declaration looked suspicious from the word go as basic details such as the mobile number could not be verified.

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