NEW DELHI: The Income Tax (IT) Department on Monday sent a second notice to ICICI Bank Chief Chanda Kochhar's husband, Deepak Kochhar, amid the ongoing loan deal involving Videocon Group and the private lender.
A senior official from the IT department said the department sent the notice seeking an explanation from Deepak Kochhar on his personal income, under Section 139 (9) of the Income Tax Act.
The official said a response is expected from Deepak within the next 15 days. The official noted the Foreign Tax division of the IT department wrote to Mauritius tax authorities seeking details of ownership of
DH Renewables Holding Ltd.,a major shareholder in NuPower Renewables, a joint venture between Videocon Group Chief Venugopal Dhoot and Deepak Kochhar. For those unversed, media reports earlier in March highlighted an alleged involvement of Chanda and her family members in a Rs.3,250 crore loan provided to the Videocon group on quid pro quo basis in 2012.