Bangalore. The Income Tax Department on Wednesday searched the premises of a Bengaluru-based pharma company Micro Labs Limited on charges of tax evasion. This company manufactures the ‘Dolo-650’ tablet which has been widely used by COVID-19 patients for more than the last two years. Officials said the department collected financial documents, balance sheets, and information related to distributors during the search. PTI- has sent questions related to the action taken against the company to the Income Tax Department, whose reply is awaited.
Officials said that the locations of the company and its distributors located in other cities are also being brought under the scanner. The company said on its website that it manufactures pharma products and ‘active pharmaceutical ingredients and has 17 manufacturing units in the country as well as overseas business. The company’s major pharma products include the drug Dolo-650, which is given to patients infected with the coronavirus.