Income Tax Search Conducted at Go Fashion (Go Colors) Offices and Premises

Income Tax Search Conducted at Go Fashion (Go Colors) Offices and Premises

The Income Tax Department initiated a search operation across the premises of Go Fashion (India) Ltd., the company that owns and operates the women’s wear brand ‘Go Colors’.

Key Details of the Incident

• Action Taken: The Income Tax Department conducted a search under the provisions of the Income Tax Act, 1961.
• Targeted Premises: The search covered the company’s offices, warehouses, and certain stores.
• Company’s Stance: Go Fashion informed the stock exchanges that its representatives were cooperating fully with the officials during the search.
• Impact: The company stated that the business operations were not expected to be significantly impacted by the search and assured that it would keep the exchanges updated with any material developments.

Source :- the Hindu Business Line