The Nariman Point apartment deal of Ajoy Mehta, former bureaucrat and adviser to Maharashtra Chief Minister Uddhav Thackeray, has come under the income tax department’s scanner for benami transactions.
Ajoy Mehta was appointed the MahaRera chairman in February.
The CBDT’s benami property-investigating section has cracked the case where a multi-crore deal was carried out for the south Mumbai property between a shell company and the retired Maharashtra bureaucrat.
Former Maharashtra Chief Secretary and adviser to CM Uddhav Thackeray, Ajoy Mehta, had purchased a flat at Nariman Point in Mumbai from a company named Anamitra Properties Pvt Ltd.
Ajoy Mehta said, “I have no reason to know the owner of the said property. It was a proper legal deal carried out following due procedure and I have made the payment as per the prevalent market price. I am a taxpayer and I don’t know where this is coming from.”
The company from which the property was apparently bought has two shareholders, both residents of a chawl (shanty) in Mumbai. Sources said that the company was created only for the purpose of acquiring this property.
The balance sheet of the company shows several discrepancies and the shareholders do not pay taxes, which clearly indicates that the 1076 sq ft flat was bought by Ajoy Mehta last year for Rs 5.33 crore from the alleged shell company named Anamitra Properties Pvt Ltd.
The said property was acquired by Anamitra Properties Pvt Ltd in 2009 for Rs 4 crore.
The shareholder, Kamesh Nathuni Singh, who virtually owns the company’s 99% shares is a non-filer of Income Tax returns. His address is Shyam Narayan Yadav Chawl on Western Express Highway near the Oberoi Mall in Mumbai.
The second shareholder, Dipesh Ravindra Singh, has only once filed a tax return for 2020-21 showing an income of Rs 1,71,002. The records show that the shareholders are people with low income and have no capacity to purchase properties worth crores.