AGRA: A five-member team from the income tax department conducted a review of property registration records at the sub-registrar office-II in Sadar tehsil, Agra, on Tuesday morning, according to officials.
Sources indicated that the sub-registrar’s office had not been disclosing property registration deeds (sale deeds). Following a thorough examination, actions will be initiated against taxpayers who may have concealed information regarding property transactions.
“Transactions exceeding Rs 10 lakh without PAN, and those above Rs 30 lakh, must be reported. Instances of negligence, including underreporting and flawed statements of financial transaction (SFT), have been identified. Land deeds valued at Rs 1,000 crore are currently under scrutiny,” an anonymous official stated.
During the survey, the team seized records from the office and instructed officials to provide all relevant documents. The investigation continued until 6 PM, at which point sale deed records were removed for further analysis. AIG Stamp (Agra) Yogesh Kumar confirmed this development, stating, “Full cooperation was extended to the team, and all necessary documents will be submitted.”
