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The Times of India
The Times of India
Business
PTI

CBDT claims Huawei manipulated account books to reduce taxable income in India

Huawei India CBDT New Delhi

NEW DELHI: The income tax (I-T) department has found alleged manipulation of account books for reducing taxable income in India by Chinese telecom company Huawei whom it raided recently, sources said on Thursday.

The searches were conducted on February 15 at the main business and residential premises of "key office bearers" of a multi-national group, engaged in distribution of telecom products and providing captive software development services, the CBDT said in a statement.

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