ByteDance case: HSBC, Citi may move Bombay High Court

ByteDance case: HSBC, Citi may move Bombay High Court


HSBC and Citibank are planning to approach the Bombay High Court and say that they had acted in a bona fide way as per the instructions of the tax authorities in the ByteDance tax matter. ByteDance has challenged a March order of the Indian tax authorities asking HSBC and Citibank in Mumbai to freeze the bank accounts of its local unit, news wire Reuters had reported. People familiar with the matter said the two foreign banks did not want to be



2021-04-06 02:22:00

Citi