Cognizant’s bank accounts frozen
Chennai: The Income Tax Department has frozen bank accounts of software services company Cognizant for alleged evasion of Dividend Distribution Tax (DDT) but the firm said on Tuesday that its operations of the company were not affected by the action.
A company official also said that the Madras High Court had instructed the tax department not to take further action pending further hearings.
According to Cognizant, it has paid all applicable taxes.
The dispute pertains to Cognizant Technology Solutions India (P) Ltd buying its own shares from shareholders - two companies, one based in Mauritius and the other in US - in 2016 under a scheme of arrangement and compromise.
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10-year-old boy stuck in borewell in MP's Guna, rescue operation on
Bhopal, Dec 28: A 10-year-old boy fell into an open borewell in Madhya Pradesh's Guna district on Saturday evening and a rescue operation was underway, officials said.
The incident took place in Raghogarh area.
Sumit Meena, the boy, slipped into the open shaft of the borewell at Pipliya village, about 50 km from Guna district headquarters, about 5 pm.
He was trapped at a depth of around 39 feet, Raghogarh Congress MLA Jaivardhan Singh told PTI from the spot.
A parallel pit has been dug to rescue him, he said.
While police started the rescue operation immediately, a team of the National Disaster Response Force (NDRF) had also arrived from Bhopal, the MLA said.
Oxygen was being pumped into the borewell, he said.
