SC orders status quo on 617 cr tax demand from Satyam

Print 06-Apr-2011 , 09:30:20 pm | By CASANSAAR

The Supreme Court today ordered the Central Board of Direct Taxes (CBDT) to maintain status quo on its demand for Rs 617 crore income tax from Satyam Computer, while asking for a list of the actual liabilities of the scam-hit information technology (IT) firm.

A three-judge bench headed by Chief Justice S H Kapadia directed the CBDT to submit a chart by Friday showing the actual income and tax liabilities of Satyam Computer, now known as Mahindra Satyam.

The bench also hinted that the IT firm will have to pay a part of the actual income tax demand raised by the CBDT.

PTI

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