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Cognizant bank accounts frozen, say reports

The Income Tax department has reportedly frozen some bank accounts of software services company Cognizant Technology Solutions for alleged tax evasion by the firm.


Reports say, a Dividend Distribution tax evasion amounting to Rs 2,500 crore in the year 2016-2017 is alleged against Cognizant which is one of India's largest software firms.


The I-T department had already issued a notice to the company and the accounts were frozen about a week back, says an Economic Times report.



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