Egg Seller 50 Crore Tax Notice – A small-time egg vendor from Patharia, Madhya Pradesh, has been caught in a financial nightmare after receiving an Income Tax notice questioning transactions worth nearly ₹50 crore. The vendor, Prince Suman, who sells eggs on a handcart, was left in disbelief when the Income Tax Department issued a notice under Section 133(6) of the Income Tax Act, 1961, demanding financial records for massive transactions he had no knowledge of.
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What Was in the Income Tax Notice?
The notice, issued on March 20, 2025, required Prince to submit:
- Bank statements
- Purchase bills and vouchers
- Transportation records
- Income Tax Return (ITR) filings for FY 2022-23
Additionally, he was informed that he owed ₹6 crore in Goods and Services Tax (GST). However, Prince had never engaged in such financial dealings, leaving him scrambling to prove his innocence.
Fraudulent Company Registered in His Name
Investigators discovered that a fraudulent company, Prince Enterprise, had been registered under Prince’s PAN and Aadhaar details in Delhi on December 7, 2022. The company had acquired a fake GST number and conducted large-scale transactions in leather, wood, and iron trading before abruptly shutting down.
The registered address of the company was found to be:
Zone 3, Ward 33, Shop No. D 31, Flatted Factory, Jhandewalan, Delhi.
Prince, who has never even been to Delhi, was now entangled in a case of financial fraud and identity theft.
Juice Vendor Also Targeted in ₹7.5 Crore Scam
Prince is not the only victim of such fraud. In a similar case, a juice vendor from Aligarh, Uttar Pradesh, named Md Rahees, received an Income Tax notice for ₹7.79 crore in GST dues. Investigations revealed that bogus transactions worth crores had been conducted in his name in 2020-21. His identity was even misused to donate funds during the 2022 Punjab assembly elections.
Prince’s Fight for Justice
Desperate to clear his name, Prince has filed complaints with multiple authorities, including:
- Patharia police station
- Superintendent of Police, Damoh district
- Cyber Cell
- GST Officer
- Income Tax Officers in Damoh and Narsinghpur
Authorities are now investigating how fraudsters obtain and misuse personal details for large-scale financial fraud.
How to Protect Yourself From Identity Theft?
With cases like these on the rise, it’s crucial to take preventive measures:
- Never share PAN, Aadhaar, or personal details with unknown entities.
- Monitor financial accounts and credit history for suspicious activity.
- Verify any unexpected financial notices with authorities.
- Immediately report identity theft to police and financial institutions.
As authorities continue to probe the growing menace of identity-based financial fraud, many wonder how many more unsuspecting individuals may be victims of similar scams.
