Madras HC directs Cognizant, shareholders to approach Dispute Resolution Panel over 2017 Tax Dispute

Meera Emmanuel June 28 2019
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The Madras High Court on Tuesday dismissed writ petitions filed by Cognizant Technology Solutions India Private Limited (Cognizant) and two of its foreign shareholders - Cognizant (Mauritius) Limited and New Jersey-based Cognizant Technology Solutions Corporation - over tax disputes relating to the buy-back of shares.

Justice K Kalyanasundaram dismissed the petitions on grounds of maintainability, while observing that,

"...the Hon'ble Apex Court and the High Courts have consistently held that . . .

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