Wednesday, 01 February 2023 : Local To Global News
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I-T notice on Nokia

The Income Tax department has served a Rs. 2,000 crore demand notice


The Income Tax department has served a Rs. 2,000 crore demand notice on Finnish mobilephone maker Nokia for alleged evasion of taxes in its business transactions in the country.The department had on March 21 asked the firm to submit the amount of Rs. 2,000 crore in about a week’s time, I-T department sources said on Thursday. The Delhi High court has granted an interim stay of the demand after the mobilephone manufacturing company filed a petition challenging the order.Nokia confirmed receiving the notice and said it is in “full compliance” with laws related to its business operations.“Nokia confirms it has received an order from Indian tax officials. Nokia reiterates its position that it is in full compliance with local laws as well as the bilaterally negotiated tax treaty between the governments of India and Finland, and will defend itself vigorously.“In this regard, Nokia filed a writ before the Delhi High Court last week and on Friday, March 22 the Court has issued notice to the Income Tax department to file its counter affidavit and has granted interim stay of the entire tax demand raised against Nokia till further orders,” a Nokia spokesperson said in a statement .

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