I-T searches at Mankind Pharma in Delhi

New Delhi, May 11 (IANS) The Income Tax Department on Thursday was carrying out searches at premises linked to the newly listed Mankind Pharma limited, officials said.

A senior I-T department official told IANS, "Yes, teams of IR department are carrying out searches at offices of Mankind Pharma in Delhi on allegations of tax evasion."

An I-T department source said that the I-T department was checking the documents and also quizzing some of the company officials.

However, the source remained tight-lipped to share more details.

Mankind Pharma is engaged in developing, manufacturing and marketing a diverse range of pharmaceutical formulations across various acute and chronic therapeutic areas. It is also into several consumer healthcare products.