Quess Corp counters I-T dept, denies ‘concealing’ income of Rs 880 cr

Manpower outsourcing company Quess Corp has denied concealing any income after the IT department claimed that it has revealed undisclosed income of around Rs 880 crore during raids of the company’s two premises in Bengaluru.

Quess Corp has said that the Income Tax Department conducted a survey under Sec 133A of the Income Tax Act, 1961 at its Registered Office, and at that of its subsidiary Terrier Security Services, during July 8-10, 2021.

“We extended full cooperation to the Department, including providing complete information in a timely manner, and have not received any claims to date,” it said in a regulatory filing.

The key focus of the survey appears to have been to verify deductions we have previously claimed u/s 80JJAA of Income Tax Act, 1961, a section which incentivises new employment generation, it said.