Dolo-650 makers face raids for 'tax evasion'

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...

PTI

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

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.

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