The Income Tax Department on Friday launched a major search operation at the headquarters of Parle Products Pvt Ltd, the iconic biscuit manufacturer behind Parle-G and other popular snack brands. The raid is being carried out by the Foreign Assets Unit and the Investigation Wing of the department, indicating a probe into possible financial irregularities linked to offshore assets.
The search at Parle’s offices in Mumbai comes amid intensified government efforts to track undisclosed foreign assets and ensure tax compliance among major corporate entities. Officials are examining financial records, transactions, and any potential discrepancies related to international holdings.