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Income tax demand is not justified, Cognizant tells High Court

Wednesday, June 6, 2018, 8:57 AM

Cognizant Technology Solutions today submitted in the Madras High Court that the tax demand made by the Income Tax department was not justified and without jurisdiction. The court had in April granted interim stay on the Income Tax department's proceedings against Cognizant, subject to the firm depositing 15 percent of Rs 2,800 crore dividend distribution tax demanded by the department.

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