It department freezes accounts of Mahindra Satyam
The Income Tax department Tuesday froze the bank accounts of Mahindra Satyam after the software firm failed to pay a tax demand of Rs.616 crore.
Mahindra Satyam, formerly Satyam Computer Services, has agreed to pay $125 million to settle a putative class action suit filed against it in a US District Court, southern district court of New York.