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Bogus input on tax credit lands Zee, L&T in I-T net

Income Tax Department carried out limited verification exercise at the office premises of the Zee Group and Larsen and Toubro to verify into their bogus inputs about tax credit, official said.

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Photo used for representational purpose

Photo used for representational purpose

The Income Tax Department on Monday carried out limited verification exercise at the office premises of the Zee Group and Larsen and Toubro to verify into their bogus inputs about tax credit, official 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."

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