Madras HC directs Cognizant to pay Rs 420 crores to IT department
Wednesday, 4 April 2018 () The Madras High Court on Tuesday granted interim stay on Income Tax department proceedings against Cognizant, subject to the firm depositing 15 per cent of Rs 2,800 crore dividend distribution tax demanded by the department.
The company has filed a plea in the court seeking stay of recovery proceedings as the I-T department...