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“There is a routine TDS survey in progress in one of our offices.It was not immediately clear what prompted the search and Oyo did not elaborate.The director general of investigation at India’s Income tax department could not be immediately reached for comment.The news comes at a time when Oyo’s major shareholder SoftBank faces renewed investor scrutiny after being forced to bail out one of its best known portfolio companies, the cash burning, office sharing firm WeWork, for about $10 billion last year.SoftBank is, in fact, getting squeezed by a sell off in many of its listed bets which has put a spotlight on founder Masayoshi Son’s strategy of pouring billions of dollars into unproven, money losing startups.The latest development adds to Oyo’s challenges as it faces backlash from some hotel owners in India who say they have been blindsided by hidden fees.In November, internal projections showed Oyo’s India business will likely make losses until 2021. Thomson Reuters 2019For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.Further reading: Oyo Hotels, SoftBank, Income Tax, Oyo Rooms, OyoPayU Buys PaySense for $185 Million to Merge It With LazyPayAs Oyo Booms, Some Hotels Cry Foul and Check Out 7 Oct 2019Oyo Acquires Danish Data Science Firm Danamica for Undisclosed Amount 3 Sep 2019Budget Hotel Aggregator Oyo Rooms Raises $100 Million 3 Aug 2015Samsung Galaxy A12 Samsung Galaxy A02s Micromax In Note 1 Redmi Note 9 Pro 5G Realme 7 5G Vivo V20 Pro 5G Motorola Moto G 5G Motorola Nio Oppo F17 AMD Radeon RX 6800 XT Intel NUC M15 Lypertek Levi True Wireless Stereo (TWS) Earphones Mi Watch Lite Skullcandy Crusher Evo Wireless Headphones TIMEX iConnect Premium Active Akai 43 inch Full HD Fire TV Edition Television (AKLT43S DFS6T) TCL 55 inch QLED 4K Android TV (55C715) GTA 5 Cheats PUBGSamsung Galaxy F62 Samsung Galaxy M12 Realme V11 5G Vivo S7t Nokia 1.4 Huawei Mate X2 Itel A47 Samsung Galaxy A52 Samsung Galaxy M02 Sony Xperia Pro (2021) Asus Sky Selection 2 Honor MagicBook 15 2021 Alcatel TKEE Max Alcatel TKEE Mid boAt Storm Smartwatch Fossil Gen 5 LTE Vu Cinema TV Action Series 65LX Vu Cinema TV Action Series 55LX Microsoft Xbox Series S Sony PlayStation 5 Digital EditionAlcatel Apple Asus Black Shark Coolpad Gionee Google Honor Huawei Infinix iQOO Itel Lava Lenovo LG Meizu Micromax Motorola Nokia Nubia OnePlus Oppo Poco Realme Samsung Sony TCL Tecno Xiaomi ZTEApple May Discontinue iPhone 12 mini Production Due to Weak Demand Samsung Galaxy F62 India Launch Date, Price Range Revealed OnePlus 9 Pro Tipped to Sport Camera Setup With Hasselblad Branding Redmi K40 Teased to Feature Stereo Speakers and ‘Great’ Battery Life Samsung Galaxy A12 Tipped to Launch in India Next Week Samsung Galaxy A52 5G Receives US FCC Certification WhatsApp Testing Mute Video Feature for Users: Report Nokia 5.4 Teased on Flipkart Ahead of Official India Launch Watch the New Trailer for F9, the Next Fast Furious Movie Oppo A15s Gets a 4GB RAM + 128GB Storage Variant in India.