SC upholds HC order directing Cognizant to pay Rs 2,956 crore to IT dept

The Supreme Court recently upheld an interim order passed by the Madras High Court directing tech company Cognizant Technology Solutions to pay Rs 2,956 crore to the Income Tax (IT) Department as part payment of its tax dues.

A Bench of Justices PS Narasimha and Aravind Kumar directed the High Court to decide the matter within six weeks. “In view of the high stakes involved in the matter, we request the High Court to take up the appeal and dispose of it as expeditiously as possible, preferably within a period of six weeks from today,” the order said.