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The demand notice, which pertained to AY 2021-22, was issued after the then OYO Hotels & Homes issued CCPS to its holding company Oravel Stays
The I-T department argued that Oravel’s investment into its Indian subsidiary in lieu of the shares was an income, and was taxable
However, OYO contended that the infused funds were “capital” in nature and not income and thus should not attract tax under the angel tax provisions
In a major reprieve for OYO
, the Delhi High…
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.
The demand notice, which pertained to AY 2021-22, was issued after the then OYO Hotels & Homes issued CCPS to its holding company Oravel Stays
The I-T department argued that Oravel’s investment into its Indian subsidiary in lieu of the shares was an income, and was taxable
However, OYO contended that the infused funds were “capital” in nature and not income and thus should not attract tax under the angel tax provisions
In a major reprieve for OYO, the Delhi High…
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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