Quick Summary
Income Tax Department (I-T) is currently conducting searches at multiple locations in Mumbai, Pune, and Noida, including the offices and premises of promoters of Chinese home appliance company Haier. The searches are reportedly in connection with a tax evasion and royalty payment case. The I-T department has not yet released any official statement on the matter, but sources say that the searches are being conducted at Haiers offices in Greater Noida, Mumbai, and Pune. The searches are reporte
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 011-411-70713
FAQ :
The Income Tax Department is conducting searches at the offices and premises of the promoters of the Chinese home appliance company, Haier.
The searches are being conducted at multiple locations in Mumbai, Pune, and Noida, including Haier's offices in Greater Noida.
The searches are reportedly in connection with a tax evasion and royalty payment case.
The searches are reportedly being conducted under Section 132 of the Income Tax Act.
No, the IT Department has not yet released an official statement on the matter.
No, the IT Department has conducted searches at the offices of several other multinational companies recently, including Amazon, Apple, and Samsung.
CAclubindia
