Upcoming Webinar:Join our experts for discussion on ‘Re-inventing Finance: with Process, People & Technology’.
you are here: HomeNewsBusiness

India court grants no relief to ByteDance in tax evasion case

A two-judge bench at the High Court in Mumbai city heard the plea of a ByteDance counsel who sought relief saying the company was struggling to pay salaries. After a government counsel objected to ByteDance's submissions, the judges posted the matter for April 6.

March 31, 2021 / 05:22 PM IST
ByteDance. | Representative image. (PC-Reuters)

ByteDance. | Representative image. (PC-Reuters)

An Indian court on Wednesday granted no immediate relief to China's ByteDance in a case where the company has challenged the local tax authority's decision to block its bank accounts in the country.

Indian authorities have blocked at least two of ByteDance's bank accounts for alleged tax evasion, prompting it to ask a court to quash the directive that it fears will hit its operations, Reuters reported on Wednesday.

India freezes bank accounts of China's ByteDance in tax case, company mounts challenge

A two-judge bench at the High Court in Mumbai city heard the plea of a ByteDance counsel who sought relief saying the company was struggling to pay salaries. After a government counsel objected to ByteDance's submissions, the judges posted the matter for April 6.

Bytedance said on Tuesday that it disagrees with the decision of tax authority.

Close
In mid-March, authorities ordered ByteDance India's accounts at Citibank and HSBC to be blocked because of alleged evasion of certain taxes in online advertising dealings between the ByteDance unit in India and its parent entity in Singapore, TikTok Pte Ltd.
Reuters
first published: Mar 31, 2021 05:22 pm

stay updated

Get Daily News on your Browser
Sections