Delhi: IT Dept Raids Mankind Pharma Premises Over Tax Evasion Allegation
The company is engaged in developing, manufacturing and marketing a diverse range of pharmaceutical formulations. (Representative image)
The company made its debut on the stock exchanges on Tuesday. It also launched its IPO this year.
The Income Tax department on Thursday conducted searches on the premises of Mankind Pharma over allegations of tax evasion, official sources said.
The department is searching the company premises in Delhi and nearby locations, documents are being checked and people are being questioned, they said.
The company made its debut on the stock exchanges on Tuesday. It also launched its IPO this year.
The company is engaged in developing, manufacturing and marketing a diverse range of pharmaceutical formulations across various acute and chronic therapeutic areas, as well as several consumer healthcare products.
Email sent to the company for a reaction in the matter has not elicited any response.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
Discover more from Divya Bharat 🇮🇳
Subscribe to get the latest posts sent to your email.
