Dolo-650 makers face raids for 'tax evasion'

PTI

Updated At : 11:19 AM Jul 07, 2022 IST

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits

Yearly Premium ₹999 ₹349/Year

Yearly Premium $49 $24.99/Year

Bengaluru, July 6

The Income Tax Department on Wednesday conducted searches on the premises of Bengaluru-based pharmaceutical company Micro Labs Ltd, the manufacturer of Dolo-650 tablet that was widely used by Covid patients during the last over two years, on charges of alleged tax evasion.

Officials said the department was looking at financial documents, balance sheets and business distributor networks of the company. Some other linked locations of the company in other cities and those of its promoters and distributors were also being covered, they said.

The company said on its website that it was engaged in the making and marketing pharmaceutical products and APIs (Active Pharmaceutical Ingredients) and has 17 manufacturing units across the country apart from conducting business overseas. Its major pharma products include Dolo-650, Amlong, Lubrex and Diapride.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Unlock Exclusive Insights with The Tribune Premium

Suggested Articles