Uber India’s finances under investigation by the income tax department

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The Income Tax Department has requested specific financial data from Uber BV, the Dutch subsidiary of the US-based company Uber.

Details regarding transactions with Uber India from FY20 and FY21 have been requested by the department. The operations of Uber India are the subject of an investigation by the I-T department. The latter asserts that Uber India is an independent legal entity distinct from Uber BV, but the department has scrutinised some transactions. The ITAT has previously ruled that Uber BV has not signed any contracts pertaining to its Indian operations.

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Uber India’s finances under investigation by the income tax department

The Income Tax Department has requested specific financial data from Uber BV, the Dutch subsidiary of the US-based company Uber.

Details regarding transactions with Uber India from FY20 and FY21 have been requested by the department. The operations of Uber India are the subject of an investigation by the I-T department. The latter asserts that Uber India is an independent legal entity distinct from Uber BV, but the department has scrutinised some transactions. The ITAT has previously ruled that Uber BV has not signed any contracts pertaining to its Indian operations.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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