Income Tax Department conducted searches at Pharmaceutical Company Gland Chemicals
The Income Tax Department‘s Investigation Unit Hyderabad searched numerous locations in Hyderabad of Gland Chemicals Private Limited, a pharmaceutical company on Tuesday.
Searches were undertaken at the company’s Jubilee Hills office, director houses, and production plants suspected of tax evasion.
The company’s Managing Director is B N Malleswara Rao, and the Income Tax Investigation Unit has undertaken searches on the other five directors.
Gland Chemicals was founded in 1974 and manufactures anticancer medications, anticoagulants, neuromuscular blocking segments, and sedative and antiplatelet segments.
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