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The income tax department is investigating an alleged tax evasion by FirstCry co-founder Supam Maheshwari, a media report said. The department has sent notices to Maheshwari, who is also co-founder of Globalbees Brands PVt. Ltd and Xpressbees, Bloomberg reported, citing people close to the matter. In the notices, Maheshwari was asked on why he didn’t pay more than $50 million in taxes on equity transactions ......
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