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Wednesday 31 March 2021

No relief to ByteDance in tax evasion case

The Mumbai high court on Wednesday granted no immediate relief to China's ByteDance in a case where the company has challenged the local tax authority's decision to block its bank accounts in the country. The government has blocked at least two of ByteDance's bank accounts for alleged tax evasion, prompting it to ask the court to quash the directive that it fears will hit its operations, Reuters reported on Wednesday.

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