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Bytedance told to pay $11 Mn in unpaid taxes as court dismisses plea

Shortpedia

Content Team
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The Mumbai high court dismissed a plea by ByteDance over the freezing of its accounts and directed the company to deposit around $11 Mn that authorities believe the company owes in unpaid taxes. Through the decision, the government barred the company from using existing bank funds for other purposes. The government counsel said that ByteDance owed about INR 79 Cr ($10.7 mn) to the authorities.