Quick Summary
The income-tax department on Tuesday conducted searches at 64 locations related to packaging company Uflex across the country, including its Noida office.
The search operation is linked to alleged tax evasion by the company by using fake bills to "inflate expenditure and suppress income to evade tax", officials from the department said.
The searches covered locations in several states including Delhi, Gujarat, West Bengal, Tamil Nadu, Karnataka, Jammu and Kashmir, and Uttar Pradesh, they said.
The company did not respond to ET queries till press time Tuesday.
Officials said the search operation is still on and the tax officials have collected much digital evidence, which will be examined in detail.
FAQ :
The searches are linked to alleged tax evasion by Uflex, with suspicions of the company using fake bills to inflate expenditure and suppress income.
The income-tax department conducted searches at 64 locations related to Uflex across the country.
The searches covered locations in several states, including Delhi, Gujarat, West Bengal, Tamil Nadu, Karnataka, Jammu and Kashmir, and Uttar Pradesh.
Tax officials have collected much digital evidence during the search operation.
The company had not responded to queries from the press by Tuesday evening.
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