During the inspection of the company’s account books, which was started on February 15 this year, the I-T department said that Li did not cooperate with the investigation
The Delhi High Court on Tuesday allowed Huawei India chief executive officer (CEO) Xiongwei Li to travel abroad after providing a fixed deposit receipt (FDR) of Rs 5 crore.
The counsel representing the CEO said that foreign nationals in India had the right to life or personal liberty that is granted by the Constitution.
The court dismissed the appeal filed by the Income Tax(I-T) Department against a trial court order quashing the lookout circular (LOC) against Li.
Justice Anu Malhotra upheld the trial court’s order saying the FDR will be forfeited if Li does not cooperate with the investigation or
First Published: Sep 21 2022 | 7:57 PM IST