News Snapshot:
Amidst the ongoing invetigation by ED on Chine mobile firm Vivo on allegations of financial irregularities, another Chinese company, Huawei India is under the lens of the Income Tax Department. The I-T department has said that Huawei India paid ₹ 730 crore as adividend to its parent company in China. However, while filling the taxable income Huawei India has said that their income has come down drastically in India.
