Huawei sent huge amounts of money to parent firm even as revenues fell: I-T department

The Income Tax department has alleged that Huawei India transferred huge amounts of money to the parent company in China in the form of dividends, reducing taxable income here.The department said the company transferred Rs 750 crore even as Indian revenues fell, claiming huge discrepancies in the income declared by Huawei India Telecommunications in the last two years.