Videocon loan case: IT issues second notice to Deepak Kochhar
The Income Tax Department has issued a second notice to Deepak Kochhar, husband of ICICI bank MD and CEO Chanda Kochhar, after it received a "part reply" from him in connection with its tax evasion probe with links to the Videocon bank loan case, officials said.
An authorised representative of Kochhar, they said, submitted official documents and statements to the department two days ago, in reply to a notice first issued to him early this month.
They said as the replies were not "complete" and lacked full information, Kochhar has been asked to submit the rest of the details by this week, including the flow of about Rs 325 crore from two Mauritius-based firms to his company NuPower Renewables Private Ltd.
They said the authorities who appeared in response to the IT notice have assured cooperation.
The two foreign-based firms have been identified as First Land Holding Limited and DH Renewables Holding Limited.
The department, they said, has also sought the share valuation report for investment in NuPower Renewables apart from copy of balance sheets and profits.
The taxman has also sought, according to the notice accessed by
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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