I-T order attaching Xiaomi’s Rs 3.7k cr FDs quashed by HC Bangalore News: Latest Bangalore News Headlines & Live News Updates from Bangalore - Times of India

Quashing a provisional order issued by the income tax department attaching Rs 3,700 crore held in fixed deposits by Xiaomi Technology India, the Karnataka high court has restrained the telecom major from making any payments from the FD in any form, including royalty to any companies or entities located outside India.

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