Nokia says wins favourable ruling from court on assets freeze
Quotes

Nokia says wins favourable ruling from court on assets freeze

Last Updated: Monday, September 30, 2013, 19:23
 
 Comment 0
 
Nokia says wins favourable ruling from court on assets freeze
New Delhi: Nokia Corp, which is in a USD 333 million tax dispute with Indian authorities, said the Delhi High Court last week ruled in the company's favour in a case where the tax office froze some of its assets.

"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," the Finnish company said in a statement, declining to comment further.

Nokia, which has agreed to sell its handset business to Microsoft Corp, said it had sufficient assets in India to meet its tax obligations and would share details of it with tax authorities to allay any concern.

Reuters



First Published: Monday, September 30, 2013, 19:23


Comments


comments powered by Disqus
Honda Mobilio MPV
Honda Mobilio MPV
BRICS Annual Summit 2014
BRICS Annual Summit 2014
Tata Zest Standout Features: In Pics
Tata Zest Standout Features: In Pics
New car launches in July
New car launches in July
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved