Income Tax Raid on Freedom 251
February 20 2016 at 12:04 604 Income Tax Raid on Freedom 251 Smartphone 251Rs 251: 4-inch display 1.3GHz quad-core processor 1GB RAMS 8GB internal storage (expandable up to 32GB) 3.2-megapixel back camera 0.3-megapixel front camera 'Digital India
Ringing Bells Company has created a storm by announcing the world's cheapest Smartphone" called Freedom 251. Now this company was under the radar of the income tax department. According to latest the income tax department has raided the office of this company in the Noida office.
A team of three IT officials have conducted raids and collected some key documents. Upon knowing news of IT raids a huge mob assembled outside company's office. Massive force was deployed to maintain the calm.
The company has been under suspicion for the $4 price tag of its phone Freedom 251 and for failing to convince analysts with its explanation of how it was able to sell it at such a low price. The company hasn’t partnered with any telecom operator nor is it being subsidized by the government. However, market experts have raised their doubts about anyone being able to assemble a mobile phone, leave along a Smartphone, at such a small cost.