New Delhi, 28th July 2023: The Income Tax Department conducted raids at the offices of the Chinese home appliance giant Haier on Friday. The raids were conducted at the company’s offices in Delhi, Mumbai, Noida, Pune, and a few other cities.
According to sources, the Chinese company Haier is suspected of engaging in large-scale tax fraud.
The probe will almost certainly seek to identify any potential inconsistencies or discrepancies in Haier’s financial operations and tax filings. The authorities are thoroughly investigating the company’s records and financial data to determine the extent and type of the alleged tax evasion.
Because the inquiry is still underway, no further information about the raids’ findings or outcomes has been released. The Income Tax Department is expected to conduct a thorough investigation and take necessary action based on information revealed during the raids.
It should be noted that during such investigations, the company in issue is given the opportunity to submit any relevant explanations and documentation to answer any concerns expressed by the authorities. The Income Tax department’s ultimate conclusions and actions will be based on the facts and evidence acquired during the inquiry.
