Income Tax raids at premises and offices of Pharma Company’s Top Officials in Telangana

The Income Tax Department conducted raids in 15 different sites related to pharmaceutical company in Telangana on monday.

Raids at premises and offices of Pharma Company

Reetu | Nov 13, 2023 |

Income Tax raids at premises and offices of Pharma Company’s Top Officials in Telangana

Income Tax raids at premises and offices of Pharma Company’s Top Officials in Telangana

The Income Tax Department has conducted raids in 15 different sites in Telangana on Monday.

The raids were placed at the homes and offices of the state’s chairman, CEO, and directors of a pharmaceutical business. The CEO of the company is the relative of Telangana Minister Sabitha Indra Reddy.

Search operations were conducted at the homes and offices of the chairman, CEO, and directors of a pharmaceutical business based in Telangana.

Prior to the impending Telangana assembly elections, Income Tax officers conducted searches on Monday at the family of Telangana’s Minister for Education, Sabitha Indra Reddy, in Hyderabad. Sabitha Indra Reddy has been Telangana’s Minister of Education since 2019.

According to reports, the Income Tax officials concentrated their investigation on Pradeep’s residence, who is allegedly a close relative of Minister Sabitha Indra Reddy, as well as other relatives.

Further details are awaited.

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button
Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"




Author Bio
My Recent Articles
NFRA Penalises Partners of Audit Firm M/s Haribhakti and Co. LLP for Audit Lapses NFRA imposes Fine of Rs.2 Crore on Deloitte Haskins for lapses in ZEEL Audit Revamped Income Tax Act expected to take more than a Year to implement Gift Vouchers won’t attract GST; Clarity on GST spurs industry optimism Beedi workers urge a reduction of GST on Beedi to 5% from 28%View All Posts