The New Year celebration of 2022 may be dampened for Xiaomi and Oppo; two of the most popular smartphone manufacturers in India. According to the Income Tax Department, both these tech companies have violated the tax laws and are liable to pay a fine of ₹1,000 crores.

The IT department says that two major tech companies have inflated their expenses in an effort to lower their taxable profits of over ₹1,400 crore. While the Income Tax department hasn't revealed the names, industry insiders say

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