The Income Tax Department on Wednesday carried out searches on the premises of Bengaluru-based pharmaceutical firm Micro Labs Ltd, the producer of Dolo-650 pill for alleged tax evasion. The drugs, prescribed for decreasing fever and ache, was broadly used throughout Covid-19 pandemic.
The tax division is taking a look at monetary data and statements of the corporate as a part of the searches, officers mentioned. Further particulars weren’t disclosed by the division.
Micro Labs didn’t instantly reply to queries despatched by The Indian Express.
The firm is engaged in making and advertising pharmaceutical merchandise and APIs (lively pharmaceutical elements) and has 17 manufacturing models throughout the nation aside from conducting enterprise abroad.
Its main pharma merchandise are Dolo-650, Amlong, Lubrex, Diapride, Vildapride, Olmat, Avas, Tripride, Bactoclav, Tenepride-M and Arbitel.
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