https://www.taxtmi.com/news?id=67869 A rural labourer was served an income-tax demand for Rs 7,15,92,786 despite his daily-wage status; the family suspects identity misuse after a third party opened a bank account in his name years earlier and he handed over the passbook and chequebook. There is suspicion that fraudsters used his identity to float a fictitious firm and execute large transactions, while departmental personnel reported no confirmation of field service, highlighting questions of beneficial ownership, account misuse, and the need for investigatory verification prior to enforcement. en-us Mon, 19 Jan 2026 23:01:06 +0530 Mon, 19 Jan 2026 23:01:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=67869 A rural labourer was served an income-tax demand for Rs 7,15,92,786 despite his daily-wage status; the family suspects identity misuse after a third party opened a bank account in his name years earlier and he handed over the passbook and chequebook. There is suspicion that fraudsters used his identity to float a fictitious firm and execute large transactions, while departmental personnel reported no confirmation of field service, highlighting questions of beneficial ownership, account misuse, and the need for investigatory verification prior to enforcement. News - Mon, 19 Jan 2026 23:01:06 +0530 https://www.taxtmi.com/news?id=67869