The Income Tax Department has brought nearly 2.5 lakh high-value property transactions—worth over ₹3 lakh crore—under scrutiny across north-west India, marking the largest such detection in a single region.

Investigations have revealed widespread lapses in reporting, including missing or incorrect PAN details in deals originating largely from Gurgaon and Faridabad, raising concerns over potential large-scale tax evasion and compliance gaps in the real estate sector, according to a Times of India report.

Such deficient reporting makes the data unusable for tax verification, severely hampering the department’s ability to track high-value transactions and enforce compliance.

Over the past year, the directorate of intelligence and criminal investigation (Chandigarh) conducted more than 40 surveys and spot verifications across revenue offices in Punjab, Haryana, Himachal Pradesh and UTs, including Chandigarh, Jammu & Kashmir and Ladakh. The surveys were also carried out at Wazirabad tehsil office in Gurgaon and Ballabhgarh tehsil in Faridabad.

The surveys focused primarily on sub-registrar offices, matching property transactions with I-T returns of buyers and sellers. In 2025, a survey at Wazirabad tehsil alone indicated annual tax evasion exceeding Rs 5,000 crore, with PAN details of buyers and sellers not entered during registrations.

Across 93 tehsils in 22 districts, PAN details were found missing in several cases despite being mandatory for property deals above Rs 30 lakh.

The Rs 3 lakh crore figure represents the highest-ever such  detection in any single region. Nationally, unreported or incorrectly reported transactions may exceed Rs 7.5 lakh crore, sources said.