Business

I-T notice issued to Deepak Kochhar; for loan to his firm!!

Notices have also been sent to those associated with the company

Amid the Central Bureau of Investigation registering a Preliminary Enquiry into the Videocon loan case from ICICI bank, the income tax (I-T) department issued a notice to Deepak Kochhar’s troubled firm NuPower Renewables.

The notice has been issued over alleged tax evasion in connection with the Videocon loan case.

It is said that the authorities to conduct inquiries and summon assessees.

Notices have also been sent to those associated with the company.

It is learnt that the department has sent a detailed questionnaire, seeking details of the firm’s operations, to be answered by Deepak Kochhar.

The development comes after the CBI registered a preliminary enquiry in a case involving alleged payment made by the Videocon group to NuPower in lieu of a loan sanctioned by ICICI Bank.

This is despite the bank denying the allegations.

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I-T notice issued to Deepak Kochhar; for loan to his firm!!
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