AI-powered font forensics helped the Income Tax Department in Hyderabad detect a ₹68 lakh LTCG (Long Term Capital Gains) fraud by identifying that documents from 2002 used the Calibri font, which wasn’t publicly available until 2002-2004
The case pertains to a Hyderabad-based taxpayer who sold an immovable property for Rs 1.4 crore. But in his I-T returns, he drastically reduced his capital gains liability by claiming deductions of Rs 68.7 lakh under the head ‘cost of improvement with indexation,’ in addition to an indexed acquisition cost of Rs 73 lakh. As a result, the long-term capital gains (LTCG) declared was a mere Rs 24,774. The fraud was caught after AI tools found the font in a document that didn’t exist in that year.
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