I-T department raids offices of Chinese electronics giant Huawei in tax evasion case

Income Tax officers have been conducting searches at the offices of Chinese telecom company Huawei since Tuesday as part of a tax-evasion investigation.

The Income Tax Department has been conducting searches at the offices of Chinese telecom company Huawei since Tuesday as part of a tax-evasion investigation.

The raids are going on at the company's premises in Delhi, Gurugram in Haryana, and Bengaluru since yesterday.

According to sources, Income Tax officials looked through financial documents, account books and company records as part of a tax evasion investigation against the company, its Indian businesses and overseas transactions. Some of the papers were seized.

Huawei, in a statement, said that its operations in India were "firmly compliant" with the country’s law.

"We have been informed of the visit of Income Tax team to our office and also of their meeting with some personnel. Huawei is confident our operations in India are firmly compliant to all laws and regulations. We will approach related Government departments for more information and fully cooperate as per the rules and regulations and follow the right procedure," Huawei said in the statement.

Last year, the Income Tax Department had conducted searches against Chinese firms like Xiaomi and Oppo and entities linked to them, claiming to have detected unaccounted income worth over Rs 6,500 crore accrued through violations of tax laws and regulations.

(With inputs from PTI)