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<\/span><\/figcaption><\/figure>By Munsif Vengattil<\/strong>

NEW DELHI: An Indian tax investigation into China's Huawei Technologies<\/a> has found the telecoms equipment maker<\/a> manipulated account books to reduce its taxable income in the country, an Indian government source<\/a> told Reuters on Thursday.

Without naming the company, India's Ministry of Finance<\/a> said a major telecoms group<\/a> did not account for income of 4 billion rupees ($52 million) in its books, and showed expenses of 4.8 billion rupees that the firm failed to justify.

A Huawei spokesperson<\/a> in India did not immediately respond to a request for comment.

The government allegations follow raids by its income tax authorities last month at Huawei<\/a>'s office premises in New Delhi, neighbouring Gurugram and tech hub Bengaluru. The residences of senior executives were raided too.

The finance ministry said more investigations were in process.

The move comes amid escalating tensions between India and China following a border clash in 2020 between the neighbouring nations. In February, India blocked access to 54 mobile apps mostly of Chinese origin, citing security concerns.

\"Huawei<\/a><\/figure>

Huawei has long-term strategy for India which will not change: APAC VP<\/a><\/h2>

\"Our strategy however remains unchanged and we have our confidence in this market. You know, this market currently has a huge requirement and huge space for further growth and development... this is something that will not change,\" Chen said.<\/p><\/div>

\"\"
<\/span><\/figcaption><\/figure>By Munsif Vengattil<\/strong>

NEW DELHI: An Indian tax investigation into China's Huawei Technologies<\/a> has found the telecoms equipment maker<\/a> manipulated account books to reduce its taxable income in the country, an Indian government source<\/a> told Reuters on Thursday.

Without naming the company, India's Ministry of Finance<\/a> said a major telecoms group<\/a> did not account for income of 4 billion rupees ($52 million) in its books, and showed expenses of 4.8 billion rupees that the firm failed to justify.

A Huawei spokesperson<\/a> in India did not immediately respond to a request for comment.

The government allegations follow raids by its income tax authorities last month at Huawei<\/a>'s office premises in New Delhi, neighbouring Gurugram and tech hub Bengaluru. The residences of senior executives were raided too.

The finance ministry said more investigations were in process.

The move comes amid escalating tensions between India and China following a border clash in 2020 between the neighbouring nations. In February, India blocked access to 54 mobile apps mostly of Chinese origin, citing security concerns.

\"Huawei<\/a><\/figure>

Huawei has long-term strategy for India which will not change: APAC VP<\/a><\/h2>

\"Our strategy however remains unchanged and we have our confidence in this market. You know, this market currently has a huge requirement and huge space for further growth and development... this is something that will not change,\" Chen said.<\/p><\/div>