PAN card misuse, Gwalior student receives Income Tax notice for Rs 46 crore bank transaction

A college student from Gwalior, Madhya Pradesh, was taken aback when he received an income tax notice revealing transactions amounting to a staggering Rs 46 crore from his bank account. Pramod Kumar Dandotiya, in his twenties, was unaware of these transactions until he received the notice. According to reports from ANI, it was discovered that a company had been registered using his PAN card, operating in Mumbai and Delhi in 2021.

Expressing his shock and confusion, Dandotiya stated, "I am a college student in Gwalior. After the notice from Income Tax and GST, I came to know that a company has registered through my PAN card which is being operated in Mumbai and Delhi 2021. I do not know how my PAN card has been misused and how the transactions have been done."

Despite his attempts to reach out to the income tax department and file a complaint, he faced hurdles until he approached the office of the Additional Superintendent of Police. ASP Shiyaz K M confirmed the receipt of Dandotiya's application, acknowledging the misappropriation of his PAN card, registration of a company under his name, and the substantial transactions. Investigations into the matter are currently underway.

This incident sheds light on the vulnerability of individuals to identity theft and financial fraud, urging for more stringent measures to safeguard personal information and prevent such fraudulent activities.