Zee, L&T and others under IT scanner over bogus input taxes
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New Delhi: The media conglomerate Zee Group and infra major Larsen and Toubro are being closely monitored by the Income Tax Department after unverified information that there were bogus inputs about tax credit, reports said.
A senior IT official, requesting anonymity told IANS, "There are no searches or raids but we are carrying out limited verification exercise at the offices of the Larsen and Toubro and Zee group as we had information that they had claimed bogus input tax credit."
The official said that it is basically a follow up exercise and there is limited action on both the groups.
"We are covering these groups and the companies related to these groups on account of this bogus input taxes," the official added.
The official, however, refused to share the details of the offices where the verification process is being carried out.