A 42-year-old man's details were misused to float two companies and transactions worth nearly Rs 42 crore were carried out through them in Maharashtra's Thane district, a police official said on Friday.

The crime came to light after the Ulhasnagar resident, who works as a storekeeper in a private firm, received I-T (Income Tax) notices asking him to pay a tax of over Rs 46 lakh, he said.