 "startup, start-up")
There will be no coercive action against start-ups to recover tax in accordance with the tax department’s assessment until a committee of experts resolves the issue of their recognition and delves into the tax incidence in individual cases, the Central Board of Direct Taxes (CBDT) said on Thursday.
The decision was taken at a high-level meeting of Revenue Secretary Ajay Bhushan Pandey, Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek, and CBDT Chairman Sushil Chandra.
It was decided that the DIPP would set up the committee with experts from the Indian Institutes of Technology (IITs) and the Indian
