I-T Dept raids multiple premises of Huawei
By MYBRANDBOOK
The Income-tax department has conducted searches at multiple premises of Chinese telecom company Huawei as part of a tax evasion investigation. The raids were launched at the company's premises in Delhi, Gurugram (Haryana) and Bengaluru in Karnataka.
The 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. The government has kept Huawei out of trials for 5G services.
Insisting that Huawei operations in the country are "firmly compliant" with the law, the Chinese firm said in a statement, “We have been informed of the visit of the 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.”
Last year, the government raided the offices of Chinese mobile manufacturers — Xiaomi and Oppo — and claimed to have detected alleged unaccounted income worth over Rs 6,500 crore. Recently, the Information and Technology ministry blocked 54 apps citing a threat to the country’s security.
The Enforcement Directorate (ED) has also conducted searches and frozen assets of Chinese-controlled companies and non-banking financial companies (NBFCs) dishing out instant loans through mobile apps in India.
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