<p>"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.<br /><br />Shares of Satyam Computer today settled at Rs 67.25 on BSE, up 0.37 per cent from the previous close.<br /><br />In November this year, the company had disclosed a consolidated profit of Rs 23.30 crore for the July-September quarter this fiscal.<br /><br />In September, the company posted its first result since its founder B Ramalinga Raju admitted to fudging the accounts of the company in January 2009, which blew the lid off a multi-crore rupee accounting scam.<br /><br />The company was later acquired by Tech Mahindra which rebranded it as Mahindra Satyam. The new promoters had sought time to declare the audited results.<br /><br />Revenue for the first quarter stood at Rs 1,248 crore, while in the subsequent three-month period, the revenue was Rs 1,242.40 crore.<br /><br />Mahindra Satyam had reported a net loss of Rs 1,250 crore for the year ended March 2010, giving a first view of its financials almost two years after the scam broke out.<br /><br />The company had registered a net loss of Rs 124.6 crore in FY2009-10 on a turnover of Rs 5,481 crore.</p>
<p>"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.<br /><br />Shares of Satyam Computer today settled at Rs 67.25 on BSE, up 0.37 per cent from the previous close.<br /><br />In November this year, the company had disclosed a consolidated profit of Rs 23.30 crore for the July-September quarter this fiscal.<br /><br />In September, the company posted its first result since its founder B Ramalinga Raju admitted to fudging the accounts of the company in January 2009, which blew the lid off a multi-crore rupee accounting scam.<br /><br />The company was later acquired by Tech Mahindra which rebranded it as Mahindra Satyam. The new promoters had sought time to declare the audited results.<br /><br />Revenue for the first quarter stood at Rs 1,248 crore, while in the subsequent three-month period, the revenue was Rs 1,242.40 crore.<br /><br />Mahindra Satyam had reported a net loss of Rs 1,250 crore for the year ended March 2010, giving a first view of its financials almost two years after the scam broke out.<br /><br />The company had registered a net loss of Rs 124.6 crore in FY2009-10 on a turnover of Rs 5,481 crore.</p>