India

Tax Raids At Premises Of Chinese Telecom Major Huawei In Delhi, Gurugram & Bengaluru

By
OB Bureau

New Delhi: The Income-tax department has conducted searches at multiple premises of Chinese telecom company Huawei in the country as part of a tax evasion investigation. The raids were launched at the company’s premises in Delhi, Gurugram (Haryana) and Bengaluru in Karnataka on Tuesday.

Officials looked at financial documents, account books and company records as part of a tax evasion investigation against the company, its Indian businesses and overseas transactions. Some records have been seized too, news agency PTI quoted officials as saying.

The company said its operations in the country were “firmly compliant” with the law.

“We have been informed of the visit of Income Tax team to our office and also of their meeting with some personnel. Huawei is confident our operations in India are firmly compliant to all laws and regulations. We will approach related Government departments for more information and fully cooperate as per the rules and regulations and follow the right procedure,” the company said in a statement.

The government has kept Huawei out of trials for 5G services.

However, telecom operators have been allowed to source telecom gear from Huawei and ZTE under their old agreements for maintaining their networks but they will need the approval of the government before getting into any new business agreement as per National Security Directive on Telecommunication Sector.

OB Bureau

Recent Posts

2 Die, One Critical As Car Crashes Into Tree In Odisha’s Konark

Bhubaneswar: Two persons died while another sustained critical injuries as the car in which they…

November 6, 2024

US Election Results: Trump Ahead Of Harris In Three Swing States

New Delhi: Tens of millions of Americans are choosing between two candidates with vastly different…

November 6, 2024

Thieves Decamp With Jewellery & Cash From Tara Tarini Temple In Odisha’s Ganjam

Berhampur: Unidentified miscreants decamped with gold and silver jewellery worth lakhs of rupees and all…

November 6, 2024

Idco Junior Manager Under Odisha Vigilance Lens, Raids On In Bhubaneswar & Puri

Bhubaneswar: The Odisha Vigilance sleuths on Wednesday carried out raids on properties linked to Junior…

November 6, 2024

Fire Engulfs Pvt TV Channel Studio In Odisha’s Khurda

Bhubaneswar: A massive fire broke out at the studio of a private TV channel at…

November 6, 2024

Odisha CM Directs To Supply 3 Months’ PDS Rice To Beneficiaries In Advance

Bhubaneswar: Odisha Chief Minister on Tuesday issued direction to provide rice of three months' quota…

November 5, 2024

[Watch] Salman Khan Shoots For ‘Sikander’ In Falaknuma Palace Amid Tight Security

Mumbai: In the wake of a fresh death threat by the Lawrence Bishnoi gang, actor…

November 5, 2024

Bachchan Family Upset With Nimrat Kaur, To Take Action Against Source Of Rumour

Mumbai: Rumours about Abhishek Bachchan and Aishwarya Rai’s divorce have been doing the rounds for…

November 5, 2024