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Income Tax Raids At Manufacturers Of Dolo-650, Pill That Got Popular During Covid

Income Tax Raids At Manufacturers Of Dolo-650, Pill That Got Popular During Covid

NDTV
Wednesday, July 06, 2022 03:40:59 PM UTC

Dolo-650, an analgesic (pain killer) and antipyretic (fever-reducing) was being prescribed by doctors and medical shop owners for coronavirus patients.

The Income Tax department Wednesday conducted searches at the premises of Bengaluru-based pharmaceutical company Micro Labs Ltd, the manufacturers of Dolo-650 tablet that was widely used by COVID-19 patients during the last over two years, on charges of alleged tax evasion.

Officials said the department is looking at financial documents, balance sheets and business distributor networks of the company as part of the searches.

The PTI has sent queries on the action to the company and a response is awaited.

Some other linked locations of the company in other cities and those of its promoters and distributors are also being covered, they said.

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