<p>The income-tax department conducted searches at the premises of IT hardware maker Lenovo on Wednesday as part of a tax evasion probe against the company and some of its affiliates, official sources said.</p>.<p>The raids covered the company's premises in Gurugram in Haryana and Karnataka's capital city Bengaluru, they said.</p>.<p>Lenovo leads the global personal computer (PC) market with a 24 per cent share.</p>.<p>The company clocked $1.9 billion in revenue in India in the 2022-2023 financial year, with a 17 per cent market share in the country.</p>.<p>The sources said the taxman suspects tax evasion and hence, has launched the searches to gather evidence and corroborate actionable intelligence obtained by it in this regard. </p>
<p>The income-tax department conducted searches at the premises of IT hardware maker Lenovo on Wednesday as part of a tax evasion probe against the company and some of its affiliates, official sources said.</p>.<p>The raids covered the company's premises in Gurugram in Haryana and Karnataka's capital city Bengaluru, they said.</p>.<p>Lenovo leads the global personal computer (PC) market with a 24 per cent share.</p>.<p>The company clocked $1.9 billion in revenue in India in the 2022-2023 financial year, with a 17 per cent market share in the country.</p>.<p>The sources said the taxman suspects tax evasion and hence, has launched the searches to gather evidence and corroborate actionable intelligence obtained by it in this regard. </p>