Dolo-650 manufacturer faces raids by I-T dept in tax evasion case

A team of more than 20 officers associated with the I-T dept conducted the raids on the pharma company's Race Course Road office

The Income Tax department raided the office of the manufacturer of popular drug Dolo-650, Micro Labs Limited, located in Bengaluru, on Wednesday. Dolo-650 tablet became a popular drug after its widespread use by Covid-19 patients over the last two years. The pharmaceutical company faces allegations of tax evasion.

Officials at the Income Tax department have said that it is now looking at pharma company's financial documents, balance sheets and business distributor networks as part of their searches.

A team of more than 20 officers associated with the I-T dept conducted the raids on the Race Course Road office of the