Rs 3 Crore Tax Evasion Uncovered Through Fake Firm, Prime Accused Arrested in Bareilly
A major tax evasion case involving Rs 3.06 crore through a fake firm has been exposed in Bareilly, with the main accused, Aman Kashyap, arrested.
बरेली उत्तर प्रदेश | इज़हार आलम
Major Tax Evasion Case Uncovered in Bareilly
The Cliff News | Bareilly | October 16, 2026 A significant tax evasion scheme, involving crores of rupees through fake firms, has been uncovered in Bareilly, Uttar Pradesh. A joint team of the Special Investigation Team (SIT) GST and local police has arrested the prime accused, Aman Kashyap, for allegedly evading taxes amounting to approximately Rs 3.06 crore.
The accused faces serious charges of misusing a non-existent firm, 'M/S Jageshwar Traders', to fraudulently claim and transfer Input Tax Credit (ITC) to other businesses. The arrest was made at the accused's residence on the night of October 15th at 11:10 PM. The case came to light after a complaint was filed at the Izzatnagar police station by the Deputy Commissioner of State Tax, Zone-08, leading to the registration of case number 162/2026.
Fake Firm's Operation Revealed
During interrogation, the arrested accused, Aman Kashyap, made startling revelations. He stated that he, along with his friends Sachin and Arun, came into contact with Prashant Gupta. Gupta allegedly enticed Aman with the prospect of running a shop business under the firm's name.
According to the accused, he handed over crucial documents like his Aadhaar and PAN cards at the behest of Prashant's brother, Paras, and father, Subhash Gupta. He was promised a sum of Rs 55,000 each for this involvement. However, the accused and his associates went into hiding after receiving notices from the Income Tax Department.
Police Action and Further Investigation
This significant operation was conducted under the ongoing campaign against criminals led by the Senior Superintendent of Police (SSP) Bareilly, and under the supervision of the SP Crime and SIT GST. The arrest team was led by the Station House Officer of Cantt police station, Sanjay Kumar Dhir. Police are now proceeding with further legal procedures based on the facts and evidence uncovered during the interrogation.
The roles of other individuals involved in this entire operation are also under intense scrutiny to apprehend all those implicated in this tax evasion network.