ICICI-Videocon loan case: Deepak Kochhar may be probed for benami assets
In April last year, tax authorities had questioned Deepak Kochhar over a Rs 405-crore investment by Accion Diversified Strategies Fund through its Mauritius subsidiary, DH Renewables Holding
Nothing concrete has been found to set up tax avoidance against Deepak Kochhar's NuPower Renewables in the salary charge (I-T) division's primer test into the ICICI Bank-Videocon advance case.
In any case, charge sleuths are considering researching a portion of his properties under the Benami Transactions (Prohibition) Act.
In April a year ago, the assessment specialists had addressed previous ICICI Bank CEO Chanda Kochhar's better half, Deepak Kochhar, over a Rs 405 crore speculation by Singapore-based Accion Diversified Strategies Fund (ADSF) through its Mauritius auxiliary DH Renewables Holding.
"The exchanges have been completed in the pretense of advances and different business exchanges and consequently at first sight no implicating tax avoidance point has been distinguished," said an authority aware of everything, including that the test discoveries indicated tax evasion and conceivable outcomes of round stumbling, he included.Read More
Business Standard
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