RPG Group company KEC International under I-T lens

Infrastructure major and RPG Group company KEC International is under the scanner of revenue authorities as the investigative wing of the Mumbai income tax department carried out extensive nationwide survey operations on nearly 9 official premises of the company and its associated entities on Thursday, three individuals privy to the ongoing probe told ET NOW.

ET NOW was the first to report the development.

Sources indicate that the survey operations are spread across Mumbai, Nagpur, Gurgaon, Kolkata, Jabalpur and Jaipur amongst other locations. "There could be possible instances of bogus billing, although we will get further clarity only when the survey operations conclude," said one of the three individuals cited above.

When contacted, a KEC spokesperson responded saying, "We are extending all assistance to the IT officials. We are confident that the officials will find our corporate practices and books satisfactory."

The company had recently bagged domestic and overseas projects worth Rs 1,511 crore in the transmission, power systems and cable businesses. The survey operations come on the back of growing pressure on the income tax department to meet the direct tax collection target of Rs 5.7 lakh crore for the fiscal.