Must-Read

Delhi HC Stays ₹1,140 Crore Angel Tax Demand Against OYO, Offering Temporary Relief Ahead of IPO...

Update / Judgement Date

14 Jul 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income TaxStart-Up & DPIIT

The Delhi High Court has stayed an "angel tax" demand against OYO, offering temporary relief ahead of IPO plans. This crucial interim order provides a significant reprieve for the hospitality tech company from a substantial tax liability on its share premium. The stay implies that the court will examine the legality of the "angel tax" demand, which affects startups raising funds at valuations higher than their book value. This temporary relief is vital for OYO as it navigates its public offering preparations.

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Delhi HC Stays ₹1,140 Crore Angel Tax Demand Against OYO, Offering Temporary Relief Ahead of IPO...

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