<h1>Income Tax Raid Uncovers Rs. 129 Crore in Inflated Payments and Rs. 400 Crore Income Suppression by Telecom Giant.</h1> The Income Tax Department conducted search and seizure operations on a multinational telecom group with foreign ownership, revealing questionable financial practices. The group allegedly made inflated payments for technical services from related foreign parties, failing to justify these expenses, which totaled Rs. 129 crore over five years. Additionally, over Rs. 350 crore was debited for royalty payments without substantiating receipt of services or the royalty rate's basis. Evidence also indicated income suppression of Rs. 400 crore by underreporting margins from high-end software services. The group manipulated accounts to reduce taxable income through unjustified provisions, with investigations ongoing.