Income Tax Raid in Major Chinese Mobile Manufacturing Companies The search action has revealed that two major companies have made remittance in the nature of royalty of Rs.5500 crore to the group companies located abroad By Team DP On Jan 1, 2022 0 271 Share The Income Tax Department carried out search and seizure operations pan-India on 21.12.2021 in the case of certain foreign controlled Mobile Communication & Mobile Hand-set Manufacturing Companies and their associated persons. Various premises in the states of Karnataka, Tamil Nadu, Assam, West Bengal, Andhra Pradesh, Madhya Pradesh, Gujarat, Maharashtra, Bihar, Rajasthan, Delhi & NCR have...