Mumbai, Sep 17 (PTI) The Income Tax Department on Wednesday conducted a survey operation at various business premises of the Marico group on charges of tax evasion, official sources said.

The action is being undertaken by the Mumbai investigation wing of the department.

The tax department teams are scrutinising financial documents and transactions of the company as part of a tax evasion probe, they said.

The company could not be contacted immediately for a comment on the I-T action.

Marico is one of India's leading consumer goods companies operating in the global beauty and wellness categories.

As per a company statement, during the 2024-25 fiscal it recorded a turnover of USD 1.3 billion through its products sold in India and chosen markets in Asia and Africa.

As part of a survey operation, the tax department makes a surprise visit at the business premises of the entity under investigation. PTI NES KRH DV DV

Tax survey operation targets Marico group over alleged tax evasion, with authorities scrutinising its financial records. A Tax Survey operation was conducted at multiple Marico group business premises in response to alleged tax evasion, involving surprise visits and focused examination of accounting records, transactions, and other financial documents by the tax investigation wing to assess compliance and identify potential irregularities.