Income Tax Department Searched The Premises Of Huawei

Income Tax Department searched the premises of Chinese company Huawei, teams also took some documents with them.

The Income Tax Department conducted searches at several premises of Chinese telecom company Huawei located in India in connection with the investigation of tax evasion.

This information was given by official sources on Wednesday. According to the information, raids were conducted on the premises of Huawei located in Delhi, Gurugram (Haryana), and Bangalore on Tuesday.

Sources said the officials perused financial documents, ledgers, and company records as part of a tax evasion probe against the company, its Indian businesses, and foreign transactions.

Some records were also confiscated.

The company said that it is operating in the country in strict compliance with the law. We have been informed about the Income Tax team’s visit to our office and their meeting with some personnel.

Huawei is confident that our operations in India are compliant with all laws and regulations. We will contact the concerned government departments for more details.

The company further said in the statement that we follow the correct procedure with full cooperation as per the rules and regulations.

The government has kept Huawei out of testing 5G services.

However, telecom operators have been allowed to acquire telecom equipment for their networks from Huawei and ZTE under their earlier agreements.

But they would need government approval before any new trade deal, as per the National Security Directive on the Telecom Sector.

The Income Tax Department had last year searched the locations of Chinese mobile communication and handset manufacturing companies like Xiaomi and Oppo and their affiliates.

The department had claimed that the action revealed an alleged unaccounted income of over Rs 6,500 crore in violation of Indian tax laws and regulations.

Earlier this week, the Ministry of Information and Technology blocked 54 more apps from China, citing security and privacy concerns.

The Enforcement Directorate (ED) has probed and frozen assets of China-controlled companies and non-banking financial companies (NBFCs) in India for instant loans through mobile apps in the past.