Brief by Shorts91 Newsdesk / 01:36pm on 26 Feb 2024,Monday India
The income tax department's investigation into Alkem Laboratories reveals alleged large-scale tax evasion exceeding Rs 1,000 crore. The pharma company reportedly claimed bogus deductions for its Sikkim manufacturing units, leading to potential heavy penalties. Additionally, the probe exposes significant payments made to doctors for prescribing Alkem's drugs. The investigation, initiated in September last year, involved surveys, statements from officials, and scrutiny of financial records. Sources suggest the findings could result in severe consequences for Alkem Labs.
