Income Tax Fraud: Dolo-650 (Dolo-650) Every day some disclosure is being made about the pharmaceutical company Micro Labs. After tightening the reins of the Income Tax Department on the company, now big information has come to the fore in the investigation of the Central Board of Direct Taxes (CBDT). The CBDT has accused the Dolo-650 manufacturer of giving free gifts of Rs 1,000 crore to doctors and people in the medical profession in return for promoting its product.
Has undisclosed cash of Rs 1.20 crore
The claim has been made after the Income Tax Department raided 36 locations in 9 states of Bengaluru-based Micro Labs Limited on 6 July. A CBDT statement on Wednesday said that after taking action against the pharmaceutical company, the department seized the undisclosed amount. 1.20 crore cash and gold and diamond jewelery worth Rs 1.40 crore.
E-mail sent to Micro Labs regarding the number of free gifts estimated at Rs 1,000 crore
There is no reply from the company yet. “Incriminating evidence in the form of documents and digital data has been found during the search operation and the same has been confiscated,” the CBDT said. According to the board, ‘evidence suggests that the group also resorted to unfair means to promote its product. The amount of such freebies is estimated to be Rs 1,000 crore.
However, the CBDT in its statement did not identify the group. But quoting sources, it is being claimed that this group is Micro Labs only. Let us tell you that in the last few years, there has been a tremendous increase in the sales of Micro Lab’s Dolo-650 tablet. Not only this, the sale of Dolo has broken all the records. According to sources, the company sold 350 crore tablets in 2020 after the case of Kovid 19 and earned Rs 400 crore in a year.
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