business-india-news

Nokia gets favourable court ruling in tax dispute

New Delhi, Sep 30 : Finnish mobile handset maker Nokia, which had a dispute with Indian tax authorities, Monday said the Delhi High Court ruled in favour of the company last week.


A company statement said the Indian tax authorities had frozen some of its assets for potential claims.

"We are now working closely with the tax authorities to ensure that the parties will find a comprehensive solution to the remaining open issues, and discussions have been constructive.

"Contrary to speculation in the media, Nokia has sufficient assets in India to meet its tax obligations, details of which will be shared with the tax authorities to allay any concerns they may have.

"Given that negotiations are ongoing, Nokia will not comment further on this matter," it said in the statement.

--IANS (Posted on 30-09-2013)

business-india-news headlines

Mindtree, IGD launch inaugural e-commerce award

GlacialLight launches low bay lights

DLF leases 3 million sqft office space in FY 14

Tanishq launches special Akshaya Trithiya offers

Azure Power joins Accenture for ERP solution

Air India to lease aircraft to generate cash

Woo your taste buds with Birizza

Infotech's net up by 15 percent

69 percent cyber attacks targeted at large companies in India: Report

OPEC daily basket price closes lower

Bond market's take on Indian election outcome

Russian JV venture promises to end India's butyl rubber import

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top