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Home News News and Press Release Month 12 2010 2010 (12) This

I-T Dept calls Mahindra Satyam accounts for audit

28-12-2010
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New Delhi, Dec 28 (PTI) The I-T department has directed Mahindra Satyam, formerly Satyam Computer, which was embroiled in the multi-crore rupee accounting scam, to get its accounts for audit of two assessment years 2002-03 and 2007-08.

"The company is in receipt of communication from the office of additional commissioner of Income Tax directing the company to get its accounts for the AY 2002-03 and AY 2007-08 under the Income Tax Act, 1961," Mahindra Satyam said in a filing to the Bombay Stock Exchange.

Shares of Satyam Computer today settled at Rs 67.25 on BSE, up 0.37 per cent from the previous close.

In November this year, the company had disclosed a consolidated profit of Rs 23.30 crore for the July-September quarter this fiscal.

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