I-T searches pharma companies in Hyderabad

The I-T officials were checking the records of financial transactions, reportedly on the complaints of tax evasion

November 13, 2023

I-T Dept carried out search operation at Nagulapally in RC Puram, Patelguda in Ameenpur, and Gachibowli

On Monday, a team of at least 10 Income Tax (I-T) Department officials were conducting searches on the premises of some pharma companies in Hyderabad.

I-T officials began the searches early this morning at houses and offices of directors of pharma companies in and around Hyderabad.

The I-T officials were checking the records of financial transactions, reportedly on the complaints of tax evasion.

The IT officials were conducting searches at the flats of some top executives of the pharma firms at My Home Bhooja, the upscale apartments in the Gachibowli area.

Searches were being carried out at Nagulapally in RC Puram, Patelguda in Ameenpur, and in Gachibowli.

[With Inputs from IANS]

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