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Mahindra Satyam Bank A/c Frozen

Posted by on March 22, 2011 0 Comment

Hyderabad: The Income Tax department has frozen the bank accounts of Mahindra Satyam Company on Tuesday.

IT officials said that the decision was taken as there was an outstanding amount of Rs. 616.53 crores from the company towards taxes.

Following this, the company has appealed to the High Court and urged for a stay on the freezing of its accounts. (NSS)

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