Tax Evasion: IT department searches Lenovo as part of tax evasion probe


NEW DELHI: The income-tax department carried out searches on the premises of IT {hardware} maker Lenovo on Wednesday as part of a tax evasion probe towards the corporate and a few of its associates, official sources mentioned. The raids coated the corporate’s premises in Gurugram in Haryana and Karnataka’s capital metropolis Bengaluru, they mentioned.
Lenovo leads the worldwide private laptop (PC) market with a 24 per cent share.
The firm clocked USD 1.9 billion in income in India within the 2022-2023 monetary yr, with a 17 per cent market share within the nation.
The sources mentioned the taxman suspects tax evasion and therefore, has launched the searches to collect proof and corroborate actionable intelligence obtained by it on this regard.

Nilesh Desai
Nilesh Desai
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


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