In what would bring clarity to the start-ups that have been served with notices by the income-tax department under the so-called angel tax provision, the Central Board of Direct Taxes on Thursday said the department would ‘summarily accept’ contention of start-ups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT), if the notices pertained only to the angel tax section. Rakesh Nangia, Managing Partner shares his views on aforementioned story for following publications: Economic Times Business Standard- Front page story Hindu Business Line Livemint Financial Express PTI IANS angel-tax-summary-relief-for-recognised-start-ups-rakesh-nangia