Mumbai, Sept. 17 -- The Income Tax Department's Mumbai investigation wing today conducted a surprise survey at the business premises of Marico Limited, the parent company of the popular hair oil brand 'Parachute', on charges of tax evasion.
An Income Tax Department spokesperson confirmed the operation, stating that it is part of a tax evasion investigation.
"More than 200 Income Tax officials are part of the surprise survey, which is being conducted across Marico's offices and facilities in different parts of India," the official said, adding that the Income Tax Department's Mumbai investigation unit is directing the entire exercise.
A survey conducted under Section 133A of the Income Tax Act is different from a typical raid or search op...