I-T carries out raids on Bengaluru-based pharmaceutical group. Read here
The IT department mentioned that the quantum of tax sought from the Bengaluru-based pharmaceutical group to be evaded is estimated at over ₹300 crore
The Income Tax Department has confirmed that on 6 July, they conducted a search and seizure operation a major Bengaluru-based pharmaceutical group. Reports had emerged on the same date that IT-raids were conducted on the premises of Micro Labs Ltd, the manufacturers of Dolo-650 tablet that was widely used by Covid-19 patients during the last over two years, on charges of alleged tax evasion.