The summons came a few days after the central probe agency conducted a search of four premises of the group, three in Mumbai and one in Panvel, in connection with an alleged violation of FEMA rules
The I-T Department searched around 25 premises of the Hiranandani Group, spanning three cities – Mumbai, Bengaluru, and Chennai in March 2022 over suspected tax evasion.
Byju Raveendran News, India News: The notice has been reportedly issued as part of the agency's probe into the foreign exchange management act (FEMA) against the EdTech firm.
India Business News: Byju Raveendran, the founder and CEO of Byju's, has assured shareholders that the edtech startup is compliant with regulations and denies allegations