SC halts tax recovery from IBM India

In a reprieve to IBM India, the Supreme Court is understood to have restrained the income-tax department from doing any further recovery of tax from the company, according to sources in the know.

A television report has further added that the apex court has now sent the case back to the tribunal. On being asked, a spokesperson of IBM India said "the company does not comment on current proceedings." The case refers to the ongoing dispute between the I-T department and IBM India with regard to the latter's tax liability for the assessment year 2008-09.