When courts give tax breaks Want this newsletter delievered to your inbox? SUBSCRIBE We'll soon meet in your inbox. / Morning Dispatch startups have asked to be exempted from the so-called ‘ angel tax’. Now, a ruling by the Delhi High Court could protect all startups from this 30% tax, provided they stick to tried-and-tested ways of calculating their valuations. Elsewhere in today’s letter: �� Incoming: Social media tax Delhi High Court gives startups a (tax) break It’s no secret that, for a variety of reasons, many startups are overvalued. But the Delhi High Court has refused to tar them all with the same brush.