Lenovo stated it’s cooperating with the authorities and can present all attainable assist.
New Delhi:
Revenue Tax officers are finishing up searches on the premises of Chinese language electronics large Lenovo over allegations of tax evasion. The searches have been performed in Bengaluru, Mumbai and Gurugram.
The division had additionally performed raids over alleged tax evasion on the premises of one other Chinese language firm, Haier, which is finest recognized for making dwelling home equipment, in July.
Confirming the go to by tax officers, Lenovo stated it was “cooperating with the authorities and can present all attainable assist required”.
“We adhere strictly to all relevant legal guidelines, rules, and reporting necessities in each jurisdiction wherein we do enterprise,” it was quoted as saying by information company Reuters.
Lenovo is the chief within the private laptop (PC) market globally and has a market share of about 24%. It additionally makes cellular units, and owns Motorola.