News of Indian Revenue Service raiding Lenovo’s offices in India comes to light

News from this website on September 29. According to "India Today", official sources said that the Income Tax Department conducted a search on the business premises of IT hardware manufacturer Lenovo on Wednesday. As part of targeting the company and some of its affiliates Part of a tax evasion investigation. The raids covered the company's premises in Gurugram, Haryana, and Bengaluru, the capital of Karnataka state.

Lenovo leads the global personal computer (PC) market with a 24% share. The company's revenue in India in fiscal year 2022-2023 is US$1.9 billion (note on this site: currently about 13.87 billion yuan), and its market share in the country is 17%.

Sources said the taxman suspected Lenovo of tax evasion and launched a search to collect evidence and corroborate the actionable intelligence it obtained in this regard.

According to Reuters, two sources said that Indian income tax officials inspected the laptops of Lenovo employees during a visit on Wednesday as part of the investigation. The person added that they were also trying to contact Lenovo executives during and after the visit as part of the investigation.

Lenovo confirmed the visit and said " is cooperating with the authorities and will provide all support that may be needed

. We strictly comply with every jurisdiction in which we do business," the report said. all applicable laws, regulations and reporting requirements of the District."

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