The Madras high court ordered Nokia to deposit Rs 240 crore as a deposit against the tax department’s claim of Rs 2,400 crore against the Finnish mobile phone maker. Its sales from a Chennai factory are subject to a tax demand, which it claims is without merit, and that it won’t be able to make the ...

Luthra & Luthra is defending Finnish cellular giant Nokia’s Indian subsidiary Nokia India in its Madras high court writ contesting the Tamil Nadu VAT department’s claim and in the Supreme Court against a Rs 2,250 crore sales tax guarantee.

Finnish mobile phone maker Nokia (whose smartphone business is in the process of being sold to Microsoft though held up by a Rs 3,500 crore guarantee imposed by the Supreme Court in another transfer tax case) has filed a writ in the Madras high court to contest a claim by the Tamil Nadu VAT departme...

Nokia forced into Rs 2,250 cr tax guarantee by SC: The Supreme Court today ordered Nokia to give a Rs 2,250 crore ($368m) guarantee before it can transfer one of its mobile phone factories to Microsoft, which bought the Finnish mobile maker last year with the acquisition held up by the tax dispute w...