![]() ![]() An official told TOI, “There are discrepancies in purchases made from bogus and non-existent entities and artificial inflation of certain heads of expenditure.” The sleuths found Rs 1.5 crore in each of the eight private lockers in Ameerpet. ![]() The search was done at 50 locations in six states, including Andhra Pradesh and Telangana. ![]() The department searched the company and its directors on October 6 and found Rs 550 crore unaccounted income, including Rs 142 crore in cash. Investigations found that Hetero inflated the production cost of drugs it was manufacturing and over-invoiced the raw material and other expenditure. HYDERABAD: The Income Tax department has charged pharma major Hetero of using private lockers in Ameerpet and those of the SBI, an almirah and boxes in houses owned or rented by its directors, to stash cash illegally.
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