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Total 30 results found. Search for [ Nokia%20tax%20case ]

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New Delhi, October 9, 2015
\"Fresh tax demands notice has been served to Nokia India for dispute relating to other assessment years, apart from the one being contested currently in ITAT,\" a senior Finance Ministry official said.
New Delhi, March 24, 2015
\"The Prime Minister (Narendra Modi) took initiative to resolve Nokia factory issue so that mobile manufacturing can be restarted in its Chennai plant,\" a source told PTI.
Chennai, December 16, 2014
Nokia's Chennai plant is locked in a legal dispute with the state government which slapped Rs 2,500 crore tax demand.
New Delhi, November 27, 2014
Lava will make a proposal to buy Nokia's Chennai unit in mid-December. The tax issue needs to be sorted out before a final deal is sealed though, the ET report says.
Chennai, October 31, 2014
The facility was producing some of the basic GSM handsets. It was serving the local market, besides exports.
October 30, 2014
Manufacturing's share in the country's GDP has fallen in recent years and it will take more than a marketing campaign to turn India into a manufacturing powerhouse.
Helsinki, October 14, 2014
Nokia was forced to keep the factory out of a US $7.5 billion deal for sale of its handset business to Microsoft, due to tax disputes with the government.
New Delhi, October 7, 2014
\"... In (the) absence of further orders from Microsoft, Nokia will suspend handset production at the Sriperumbudur facility from 1st November,\" Nokia said in a statement.
Chennai, June 11, 2014
The first bench, comprising Acting Chief Justice Satish K Agnihotri and Justice MM Sundresh posted the appeals to that date on the request of the counsels.
New Delhi, April 25, 2014
Unable to solve a dispute with Indian tax authorities, Nokia Corp said that due to an ongoing tax dispute, its Indian mobile phone handset plant was unlikely to be included in a deal due to be concluded on Friday for the sale of its global handset business to Microsoft.
New Delhi, April 24, 2014
Nokia will operate the Chennai plant, which is being excluded from the deal due to a tax dispute, as a contract manufacturing unit for Microsoft after the deal.
April 16, 2014
\"We would like to clarify that the scheme is voluntary and it is up to employees to opt for it or not,\" Nokia said responding to allegations of employees that they are being forced to accept the scheme.
April 9, 2014
Nokia has received regulatory approval from Chinese authorities to sell its mobile phone unit to Microsoft Corp, removing one of the last major hurdles to the 5.4 billion-euro ($7.3 billion) deal.
Chennai, March 28, 2014
The state government had issued a Rs 2,400 crore notice to Nokia saying the company had been selling the products produced from Chennai plant to the domestic market, instead of shipping them overseas.
New Delhi, March 24, 2014
The handset maker, which is facing multiple tax cases in India, added that the proceedings in the country will not affect the timing of the deal. \"It now expects the transaction whereby the company will sell substantially all of its D&S business and license its patents to Microsoft to close in April 2014,\" Nokia said in a statement.
New Delhi, March 3, 2014
Nokia had last month appealed to the apex court saying the Delhi High Court had imposed \"new conditions\" over transfer of its mobile handset plant in India to Microsoft, after previously allowing it.
New Delhi, February 15, 2014
Finnish handset major Nokia has said the developments in the Rs 21,153-crore tax liability case in India is not expected to affect the \"timing or closing\" of its deal with software giant Microsoft.
New Delhi, January 4, 2014
The Income Tax (I-T) department moved the Delhi High Court seeking \"directions/clarifications\" of the December 12 order by which the assets of mobile phone handset maker Nokia in India were defreezed.
New Delhi , December 26, 2013
Besides Vodafone, several other major MNCs such as Nokia and Shell too were locked in tax dispute with the revenue department.
New Delhi, December 13, 2013
Buoyed by the Delhi High Court's decision, Finnish handset maker Nokia said it will now start the planned transfer of its Indian assets to Microsoft, but said various statutory clearances are required before the hand-over.

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