Tag: tax
Nokia may be planning to shift production from Chennai to Vietnam plant.
Nokia just suffered a setback in its legal tussle against India's Income Tax department in Supreme Court. This ruling made Nokia counsel dare IT department to attach its assets and sell. Now, it seems...
Supreme court dismisses Nokia’s appeal in the tax case. Nokia dares IT to attach...
Nokia India has suffered a setback in the tax case with Indian IT department. India's Supreme court has dismissed its appeal against Delhi high court's order, which directed Nokia India to give a guarantee...
Nokia-Microsoft deal to be closed within 20 days, as hitches in China get resolved.
During the hearing of Nokia vs Indian IT department tax row in Supreme Court today, the Nokia counsel has revealed that Nokia-Microsoft deal will get closed within 20 days and even the Chinese government...
Nokia: Indian tax dispute has no impact on timing or material terms of the...
Nokia has released a press statement clarifying that Indian Tax dispute has no effect on timing or value of the Microsoft-Nokia deal. Nokia has just moved to India's Supreme court against Delhi High court's...
Chennai plant transfer to MS stalled again. Nokia appeals to the Supreme court.
And the uncertainty over Chennai plant transfer to Microsoft is back with Delhi High court imposing a new condition and practically stalling the transfer. In its order last week, Delhi High Court has asked...
China may approve MS-Nokia deal soon. Delhi Court defers Tax case hearing till January...
We reported, China taking its sweet time in providing approval for Nokia-MS deal. The reason behind this delay was cited to be the apprehension of local vendors about Nokia getting aggressive with its patent...
Delhi High Court lifts Nokia’s Chennai plant freeze paving way to its transfer to...
Delhi High Court has ordered Nokia to deposit 22.5 billion rupees ($367 million) in an escrow account, as a condition for lifting the freeze from Nokia India's attached assets. Due to an ongoing tax...
Nokia’s Chennai plant may be excluded from MS deal if tax issues remain unresolved.
Back in March, Nokia India had been slapped with a big tax demand by Indian IT department and subsequently its assets were frozen by IT authorities. If this dispute doesn't get resolved before December...
Nokia: It has won favourable ruling on asset freeze from Delhi High Court.
After reports about Indian IT department moving Delhi High Court and getting an interim stay on “Nokia transferring ownership rights for any of its immovable assets“, Nokia has said that it has now got...
A Delhi High Court order spells trouble for MS-Nokia deal in India.
Acquisition of Nokia's Device and services division by Microsoft may run into rough weather in India following a Delhi High Court order. This is again related to the old tax dispute in which IT...
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