Maharashtra Actual Property Regulatory Authority (MahaRERA) Chairman Ajoy Mehta’s house in Mumbai has come beneath the scanner of the Earnings Tax division, which has alleged that its earlier proprietor was a “shell entity made just for the aim of holding benami properties”.
Mehta, who was Chief Minister Uddhav Thackeray’s principal advisor from July 2020 until his appointment as MahaRERA chairman in February this 12 months, earlier served as Maharashtra Chief Secretary (Might 2019 to June 2020) and Mumbai Municipal Commissioner (2015 to 2019).
In October 2020, he purchased an house within the Samta Cooperative Housing Society, in Mumbai’s upscale Nariman Level, for Rs 5.33 crore from Pune-based Anamitra Properties Pvt Ltd.
On July 7, the tax division issued a showcause discover to Anamitra Properties, saying that the transaction that led to its acquisition of the house for Rs 4 crore in Might 2009, was “benami” as its two listed shareholders are “folks of low means”. Each have additionally “denied their information of possession” (of Anamitra Properties), the discover stated.
When contacted, Mehta, a 1984-batch IAS officer, advised The Indian Express: “It was a correct authorized deal following due procedures and I’ve made the fee as per the prevalent market value. I’m a taxpayer and I don’t know the place that is coming from.”
In its discover, the tax division stated one of many shareholders of Anamitra Properties, Kamesh Nathuni Singh, who holds 99 per cent stake within the firm, lives in a chawl within the western suburbs of Mumbai. The second shareholder, Dipesh Ravindra Singh, has proven an earnings of solely Rs 1.71 lakh in his sole tax returns for evaluation 12 months 2020-21.
In a press release to the tax division beneath the Prohibition of Benami Property Transaction Act (PBPT), each Kamesh Nathuni Singh and Dipesh Ravindra Singh stated they had been “not conscious” of buying any shares of Anamitra Properties.
“…shareholders have squarely and categorically denied their information of possession (of Anamitra Properties). Additional these are individuals of no means with little to indicate for making transactions involving crores of rupees. Due to this fact, it’s clear their names have been utilized by some unknown helpful and actual house owners to make these transactions,” stated the discover issued to Anamitra Properties asking it to indicate trigger why the property shouldn’t be deemed benami.
The corporate has an authorised and paid up capital of Rs 1 lakh every. “The monetary profiling of the corporate reveals that it isn’t conducting any enterprise and it may be inferred that it’s a shell entity made just for the aim of holding benami properties. So in view of the above, Anamitra Properties Pvt Ltd is handled as a benamidar,” stated the discover.