Missing Papers Halt 2.5 Lakh Property Deals in Gurugram
GURUGRAM: The Income Tax (I-T) department is investigating approximately 2.5 lakh property transactions, worth over Rs 3 lakh crore, in the north-west region of India, according to officials. Many of these substantial transactions stem from Gurgaon and Faridabad. Revenue offices in these areas have either neglected to report transactions or submitted incomplete or erroneous PAN details, causing significant obstacles in tax verification efforts. Over the past year, the Directorate of Intelligence and Criminal Investigation (Chandigarh) has conducted over 40 surveys and spot verifications across revenue offices in Punjab, Haryana, Himachal Pradesh, and various Union Territories, including Chandigarh, Jammu & Kashmir,…