Having hit a seemingly dead-end in the Rs 13,860 crore of undisclosed income case, Income Tax (I-T) department is planning to file a police complaint against Ahmedabad-based real estate dealer Mahesh Shah who had declared the amount under income disclosure
scheme (IDS) in late September this year. I-T officials stated that the department had not been able to gather any authentic information from Shah who has not been co-operating with it in the evidence.
"So far nothing has been found in our investigation related to the amount that Shah had declared with I-T. We called him and questioned him but he has not given any real names. Now we are considering to call him again and if we do not find any authentic
and concrete proof, the department will file police complaint against Shah under Indian Penal Code (IPC) for false declaration," said a top official of I-T department in Ahmedabad.
Shah had disappeared after having failed to pay the first installment of tax on the declared money under IDS and suddenly appeared in public through a live television interview on a national channel, following which the I-T department and police personnel
detained him. - www.business-standard.com[23-12-2016]