#oyo Tech News.
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StartupsInc42about 23 hours ago
PRISM Gets ₹3,885 Cr Angel Tax ReliefHotel aggregator OYO, rebranded as PRISM, received a tax relief of ₹3,885.51 Cr from the Income Tax Appellate Tribunal. The tribunal reversed an assessing officer's addition of that amount as income under section 56(2)(viib) of the Income-tax Act, 1961, related to share premium from parent entity Oravel Stays Ltd.
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