Home Business After tax demand issue, Cognizant to deposit $75 mn in suspense account

After tax demand issue, Cognizant to deposit $75 mn in suspense account

By
Lucky Jain
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472
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(G.N.S) Dt. 04 Chennai 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

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