Nokia to cough up Rs 240 cr deposit in Madras HC sales tax case

Wednesday, 30 April 2014 By Legally India Bar, Bench & Litigation

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 deposit within eight weeks due to cash flow issues.

The high court has also asked the Tamil Nadu government to reconsider its demand in the meantime. Senior counsel Arvind P Datar and Luthra & Luthra partner Vikas Srivastav are representing Nokia. [Economic Times]

NokiaMadras high courtArvind DatarVikas SrivastavLuthra & LuthraL&L Partners

Comments

Anon 2 May 2014, 06:32
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Is that Vikas Srivastav of Luthra ?
kianganz 2 May 2014, 06:41
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Yes, right you are, of course, Luthra is representing Nokia in this...
http://www.legallyindia.com/201404034567/Litigation/luthra-collates-30-lakh-nokia-export-docs-to-get-rs-2-400-crore-tax-relief

Have updated the story with the fact that Vikas Srivastav is a Luthra partner.
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