Web Desk
Income Tax raids were conducted on the office and residential premises of Ahmadabad property dealer Mahesh Shah, who disclosed a whopping Rs 13,860 crore of unaccounted income under the Income Declaration Scheme (IDS).
The I-T sleuths also swooped down on premises of his Chartered Accountant firm Appaji Amin.
Though, the I-T Department is tight-lipped about the searches, Shah’s CA Tehmul Sethna, who is a partner in Apaji Amin & Co, informed the media about the searches carried out at various places, including on the premises of those connected with his client
The 67-year-old mystery man Mahesh Shah made a dramatic appearance in a local Gujarati channel and claimed that the money he had disclosed “belonged to others including some businessmen, politicians and builders” and he would reveal everything before the Income Tax authorities.
In midst of his live TV interview, the IT officials accompanied by local police detained Mr. Shah to take him to a near by police station.
During his hour longlive interview with local channel, Mr. Shah claimed that “he had disclosed Rs. 13,860 crore black money under the IDS scheme but the money was not his and several politicians, businessmen and builders were behind him.”
The I-T sleuths swooped down on premises of Mahesh Shah’s Chartered Accountant firm Appaji Amin
According to ‘Hindu’ website Mahesh refused to name any name stressing that he “would expose everybody before the IT officials” while admitting that “it was his mistake to make disclosure of other people’s black money but also said was his compulsion.”
Mr. Shah urged the media not to target his family members and held that the family members did not have anything to do with the unaccounted money he had disclosed.