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NOKIA TAX ROW
Nokia waiting for nod to sell defunct manufacturing plantThe freeze on the plant in Sriperumbudur near Chennai will continue until all other legal cases between the company and the Indian governme...- Nokia says it paid 202 million euro to settle tax row with IndiaNokia India had been issued a tax demand of Rs 2,500 crore in 2013, which post-rectification, was lowered to about Rs 1,600 crore.
- India, Finland settle Nokia tax rowIndian tax authorities issued the tax notice of Rs 2,500 crore to Nokia for violating withholding tax norms since 2006 while making royalty...
- India, Nokia focus on settling tax rowNokia had last year approached the Delhi High Court seeking directions to de-freeze the attachment made by the Income Tax department in Sep...
- Essar says no longer interested in buying Nokia's Chennai plantThough Nokia's Chennai plant is under freeze over a tax dispute, it has sought permission to sell the plant and keep the sale amount in an ...
- Income Tax Department demands Rs 3,500 crore guarantee from Nokia to lift assets freezeThe income-tax department filed the affidavit in the Delhi High Court a few days ago, said people with knowledge of the matter.
- Lava drops out of race to buy Nokia’s Chennai handset unitLava was the first Indian phone vendor to introduce its own user interface or skin, Hive, riding on the Android OS.
- Lava may buy Nokia’s Chennai unit, will create jobs for thousandsWhile there are no valuation estimates available, the I-T dept had pegged Nokia's fixed assets and a few sales offices at Rs 586 crore in t...
- Finland raises Nokia tax dispute ahead of President Pranab Mukherjee's visitFinland raised the issue of the tax row Nokia has with India, saying their co was facing a "great problem" and "other consequences" were po...
- Nokia invokes India-Finland bilateral treaty to solve tax rowNokia Oyj has written to Manmohan Singh seeking an "amicable resolution" of its tax dispute in the country, the Finnish company said.
- Nokia yet to come up with concrete proposal to settle tax rowNokia India Pvt Ltd so far has not come to the Central Board of Direct Taxes (CBDT) with a concrete proposal to settle its tax row.
- Experts from KPMG and others advise Nokia to settle tax row amicablyConciliation, and not aggression, is the feasible option for Nokia to resolve its incometax dispute in India.
- Supreme Court dismisses Nokia’s appeal in asset transfer caseThe Supreme Court has dismissed Nokia’s appeal against a Delhi High Court order which directed the company to give a guarantee covering its...
- Disappointed by Supreme Court decision, will consider next steps: NokiaIn a statement, the company said that "Nokia will now consider its next steps. It will not comment further at this point."
- Supreme Court asks Nokia to settle tax row with IT departmentThe Supreme Court asked Nokia India Pvt Ltd to come up with a concrete proposal to settle its tax row with the income tax department.
- Delhi HC lifts Nokia factory freeze in tax dispute, allows sale of Chennai plant to MicrosoftThe Chennai plant is one of Nokia's biggest phone-making factories. Nokia appealed the seizure and has been trying to end the dispute.
- I-T evasion matter: High Court verdict tomorrow on Nokia pleaNokia India Private Ltd's assets and accounts were frozen by the Income Tax department for alleged income tax evasion by the company.
- IT dept-Nokia tax case: Delhi High Court seeks more detailsNokia India Private Ltd's assets and accounts were frozen by the Income Tax department for alleged income tax evasion by the company.
- Nokia will look for buyer for Chennai manufacturing unitSince the facility will have no use for Nokia post the Microsoft deal, they will try to find another buyer for it, the official told PTI.
- Nokia tax case: Finland seeks negotiated settlement with India under bilateral tax treatyFinland has invoked an alternate dispute resolution provision in its DTAA with India against the Rs 2,000-cr demand slapped on Nokia.
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