HC asks Nokia to pay 10 pc of the Rs 2400 cr tax demand

Tags: News
The Madras High Court today directed Finnish handset maker Nokia to pay ten per cent of the Rs 2,400 crore tax claim slapped on it by the Tamil Nadu government.

Justice B Rajendran, allowing writ petitions filed by Nokia challenging the state's Sales Tax Department order directing it to pay Rs 2,400 crore tax for the assessment years 2009-10, 2010-11 and 2011-12, ordered that the company pay Rs 240 crore.

The court observed that the Sales Tax Department ought to have given an opportunity to Nokia and heard its objections over the Rs 2,400 crore tax dispute.

The state slapped the tax notice accusing Nokia of evading tax, but the company disputed the claim.

On March 28, Nokia moved the high court and prayed for restraining the Sales Taxes Department from taking any coercive steps in any manner whatsoever in pursuance of the impugned order.

The state government had issued the 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.

Nokia management had responded to the notice, saying that it was a "baseless" claim by the Sale Tax Department.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Child abuse needs to be tackled with the seriousness it deserves

    The Bangalore rape case has again brought into focus an issue we Indians forever shy away from facing up to — child sexual abuse.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: THE BASE RATE BIAS

Base rate fallacy, also called base rate neglect or base ...

Parvez Imam

Revisiting history can do us all good

We often think that we understand history. We read it ...

Bubbles Sabharwal

Your happiness doesn’t depend on your needs

They are two different words (and even worlds) altogether: having ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture