The Income Tax Department is conducting raids at the packaging company, Uflex Limited. The search covers 64 different locations over the allegedly hiding income. The issuance of fake bills is said to have been the method of the alleged evasion.
The search began at the Noida office of Uflex today.
Searches are currently going on in Uttar Pradesh, Delhi, Gujarat, Maharashtra, Madhya Pradesh, West Bengal Jammu & Kashmir, Haryana, Tamil Nadu, Uttarakhand & Himachal Pradesh, according to the sources.
Uflex Limited is a multinational packaging solutions provider, as per the company's website.
Any tax-related or financial misappropriation allegations against the company, if any, are yet to be publicly disclosed.
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