Key Takeaways
- IT officials raided a pharmaceutical company in Hyderabad over alleged IT irregularities.
- Searches covered multiple locations such as Ramachandra Puram, Nagulapally, and Gachibowli.
- Authorities are scrutinizing the firm’s economic transactions for potential tax violations.
Hyderabad: Income Tax (IT) officials conducted raids on Monday at the residences of directors, staff, and offices of a prominent pharmaceutical company in the city, following reported irregularities in their IT transactions.
The officials formed groups and simultaneously conducted searches in various areas, including Ramachandra Puram, Nagulapally, Patelguda in Ameenpur, and My Home Bhooja in Gachibowli. They are currently investigating economic transactions, according to official sources.
