India Court Says ByteDance Should Deposit $11 Million in Tax Evasion Case

Must read

How to disable and delete Samsung Pay from your Galaxy phone

When it comes to paying conveniently, Samsung Pay makes using your phone as a bank card an easy process; however, there may come...

Google Home 2.35 reveals possible Nest Hello successor

Version 2.35 of the Google Home app is rolling out on Android and iOS with some user-facing tweaks. The Home companion client today...

Sony ZV-1, at Rs 77,990 is a ‘Vlogger’s Camera’ with 1-inch Sensor, 4K Video and AF Tracking

Vlogging, or the profession of creating video blogs, has become mainstream and largely popular over the past few years. While the drastically improving...

How to Hack the Hidden Google Chrome Dinosaur Game

Most of us have seen the dreaded “No Internet” error message on Google Chrome. You can actually turn this screen into a fun,...
Bhawani Singhhttps://techmepro.com
I am a blogger who believes in delivering latest tech news from around the world to my viewers.

An Indian court on Tuesday dealt a blow to China’s ByteDance by dismissing its plea to unblock its bank accounts which have been frozen by federal authorities investigating alleged tax evasion.

An Indian tax intelligence agency in mid-March ordered HSBC and Citibank in Mumbai to freeze accounts of ByteDance India as it probed some of the firm’s financial dealings.


ByteDance challenged the move in court saying the freeze amounts to harassment and was done illegally.

After a government counsel said ByteDance owed the authorities about Rs. 79 crores, the High Court in Mumbai said the company will need to keep that amount blocked in a state-run bank.

That “account will be frozen,” the two-judge bench said.


ByteDance in January reduced its Indian workforce after New Delhi maintained a ban on its popular video app TikTok, imposed last year after a border clash between India and China. Beijing has repeatedly criticised India over that ban and those of other Chinese apps.

None of ByteDance India’s employees have been paid their March salaries due to the account freeze, said two people familiar with the matter. The company told the court it has a workforce of 1,335, including outsourced personnel.

In the 209-page court filing lodged on March 25, ByteDance told the High Court in Mumbai the authorities acted against the company without any material evidence and gave no prior notice, as required by Indian law, before such “drastic action”.

Blocking accounts “during the process of investigation amounts (to) applying undue coercion,” ByteDance argued. It is “intended, improperly, to harass the petitioner.”

[Update, 6 April 2021, 6:43pm]: Bytedance representatives also shared the following comment with Gadgets 360:

We are pleased that the Hon’ble High Court agreed with us that our bank accounts in India should be unblocked. This decision allows us to continue carrying out our operations in India and looking after our employees. We are prepared to take further steps required by the court and are confident in our position on this tax matter.

© Thomson Reuters 2021


What is the best phone under Rs. 15,000 in India right now? We discussed this on Orbital, the Gadgets 360 podcast. Later (starting at 27:54), we speak to OK Computer creators Neil Pagedar and Pooja Shetty. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, and wherever you get your podcasts.

Source link

More articles

Leave a Reply

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

- Advertisement -

Latest article

iOS 14.5, iPadOS 14.5 Developer Beta 8 Released by Apple: How to Install

iOS 14.5 and iPadOS 14.5 developer betas (8th generation) have been released by Apple. These come in a week after the 7th- generation...

New Google Assistant features include finding a lost iPhone

Google is rolling out five new features to its Google Assistant. It has announced new automation and web features coming to its voice...

Poll: How long is your screen timeout set for?

Credit: Hadlee Simons / Android AuthorityEvery smartphone on the market has a screen timeout setting, allowing users to adjust how long it takes...

Google Assistant Rolls Out New Feature to Find Lost iPhone

Tech giant Google has announced new features coming to Google Assistant on Thursday, and the most essential feature is - finding your lost iPhone.For quite some time, iPhone users have been able to find their smartphones using the Find My service. To help find your lost iPhone, Siri integration...

The Telegram app now has a mysterious twin that you won’t find on the Play Store (APK Download)

Telegram has gathered steam over the last few months and it recently even updated its Telegram X application after leaving it in limbo...
- Advertisement -