Ahmedabad businessman Mahesh Shah threatens to reveal all to I-T dept

Police and Income tax officials with real estate dealer Mahesh Shah in Ahmedabad PicPTIAhmedabad The citybased property dealer Mahesh Shah who made a sensational claim that he was used as a front to declare the Rs 13860 crore under the Income Declaration Scheme IDS was allowed to go home yesterday morning after nightlong interrogation by senior IT personnel He has threatened to disclose the names of politicians and businessmen for whom he says he was acting as a frontOfficials said the process of recording his statement is likely to continue today even as city police deployed two guards outside his residence apprehending security threat Shah who went missing after the IT department searched his residence a few days back appeared in the studio of a local news channel on Saturday for an interview Later he was taken away by IT officials from there During the interview Shah claimed he made the declaration out of compulsion and for commissionldquoThe amount of Rs 13860 crore I declared under IDS was not mine I will tell the names of those behind it before income tax officials I will disclose everything soon I have committed a mistake but I will reveal everything soonrdquo Shah saidIT rejects disclosures The Income Tax department has rejected the controversial R13860 crore by Shah and an astonishing Rs2 lakh crore disclosure by a Mumbai family as well under the Income Disclosure Scheme that closed in September and a probe is on against them to determine the intention behind their false claimsMeanwhile the government has revised upwards the total illicit wealth disclosed in the onetime window to Rs7382 crore as against Rs65250 crore estimated earlierldquoAmong the declarations received there were two sets of declarations of high value which were not taken on record in the above figure because these declarations were found to be suspicious in nature being filed by persons of small means the Finance Ministry said in a statement yesterdayA family of four declarants namely Abdul Razzaque Mohammed Sayed self Mohammed Aarif Abdul Razzaque Sayed son Rukhsana Abdul Razzaque Sayed wife and Noorjahan Mohammed Sayed sister who were shown as residents of Mumbai filed a total declaration of Rs 2 lakh crore it saidThe other declarant was ShahldquoTherefore after due consideration the Income Tax Department decided by 30th November 2016 to reject these two sets of declarations of Rs 2 lakh crore and Rs 13860 crore respectively The Department has since commenced enquiries against these declarants to determine the intention behind these false declarationsrdquo it added