HC extends status quo on Cognizant tax dispute matter

CHENNAI: The Madras High Court Thursday ordered that the the status quo granted by a single-judge bench in connection with IT major Cognizant Technology Solutions India’s Rs 2,912-crore dividend distribution tax dispute with the Income Tax department will continue.

A division bench comprising Justice M M Sundresh and Justice M Nirmal Kumar gave the interim order when an appeal by the company against the June 25 order of single