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IT Department Books Techie Couple for Rs 5.3 Crore Land Tax Evasion
✍️ TOI India
🗓 02 Nov 2026, 05:46 AM
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The Income Tax Department has initiated proceedings against a couple of IT professionals for allegedly evading taxes on a land transaction worth Rs 5.3 crore through false claims.
The Income Tax (I-T) Department has taken legal action against a couple working in the technology sector for alleged tax evasion. The case centers on a land transaction valued at Rs 5.3 crore, where the authorities suspect the couple attempted to evade their tax liabilities.
According to the investigation, the couple made false claims to reduce the taxable value of the property. The department has identified these discrepancies as a deliberate attempt to bypass financial obligations related to the high-value real estate deal.
The I-T officials have placed the couple in their net, initiating the process to recover the evaded taxes along with applicable penalties. The case highlights the department's ongoing efforts to track high-value property transactions and ensure compliance with tax laws.
No specific names or locations were disclosed in the initial report, but the case underscores the scrutiny faced by high-net-worth individuals and professionals regarding their real estate investments.
According to the investigation, the couple made false claims to reduce the taxable value of the property. The department has identified these discrepancies as a deliberate attempt to bypass financial obligations related to the high-value real estate deal.
The I-T officials have placed the couple in their net, initiating the process to recover the evaded taxes along with applicable penalties. The case highlights the department's ongoing efforts to track high-value property transactions and ensure compliance with tax laws.
No specific names or locations were disclosed in the initial report, but the case underscores the scrutiny faced by high-net-worth individuals and professionals regarding their real estate investments.