The Income Tax Department is conducting raids at packaging company Uflex Limited, covering 64 different locations across the country, sources said.
According to UFlex’s website, it is a multinational packaging solutions provider. Searches are going on in Uttar Pradesh, Delhi, Gujarat, Maharashtra, Madhya Pradesh, West Bengal, Jammu and Kashmir, Haryana, Tamil Nadu, Uttarakhand, and Himachal Pradesh.
The financial misappropriation or tax-related allegations against the company, if any, are yet to be known. Further details are awaited.
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