Waaree Energies Faces Investigation From Income Tax Department

Waaree Energies reported that its offices and facilities received visits from the Income Tax Department to conduct investigations under the Income Tax Act, 1961. (Image: X proflie) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Waaree Energies Ltd. reported on Tuesday that its offices and facilities received visits from the Income Tax Department to conduct investigations under the Income Tax Act, 1961.

"The proceedings are underway and the company is extending its full cooperation to the officials," the exchange filing from the company said.

The Income Tax Act is the main income tax legislation that dictates how income tax is to be collected, levied and administered.

According to some reports, the Income Tax department undertook a 'search and seizure' operation on Waar