Legal views on India allowing Nokia to transfer Chennai factory to Microsoft
Vc Circle The tax administration could have sought a charge and permitted Nokia to transfer the asset. The Delhi High Court has accepted an appeal by Finland-based Nokia Inc to lift the freeze on the company’s factory at Chennai...
Nokia allowed to sell Chennai factory to Microsoft
Mint Nokia Oyj is now free to sell its Indian assets to Microsoft Corp. as part of a $7.2 billion sale of its global mobile phone business, after the Delhi high court ordered India’s income-tax (I-T) department to unfreeze the...
HC asks I-T to unfreeze Nokia’s Chennai plant
Business Standard Tax case continues but firm’s deal with Microsoft to go through WEAK SIGNALS Nokia tax case so far Jan 2013: I-T dept asks Nokia India to clarify on non-payment of TDS on software supplies and change in...
Nokia wins reprieve in India tax battle
Financial Times Nokia has won a crucial reprieve in its tax battle with India’s government, with a court in New Delhi ruling that the Finnish group can transfer its assets in the country as part of its €5.4bn phone business sale...
Nokia’s India tax bill could rise to $3.4 billion, lawyer says
Mint, Bloomberg The IT department may add penalties, interest to its current Rs2,080 crore tax demand Nokia Oyj could face an increased tax bill of Rs21,000 crore ($3.4 billion) over a dispute with India’s authorities, according...