{"id":32401,"date":"2014-03-04T17:54:10","date_gmt":"2014-03-04T12:24:10","guid":{"rendered":"https:\/\/www.legalindia.in\/news\/?p=32401"},"modified":"2014-03-04T17:54:10","modified_gmt":"2014-03-04T12:24:10","slug":"sc-asks-nokia-india-make-proposal-settling-tax-row","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/sc-asks-nokia-india-make-proposal-settling-tax-row","title":{"rendered":"SC asks Nokia India to make proposal for settling tax row"},"content":{"rendered":"<div>\n<div>\n<p><a href=\"https:\/\/www.legalindia.in\/news\/cbi-probe-recommended-against-yeddyurappa-kin\/supreme-court-211\" rel=\"attachment wp-att-19702\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"19702\" data-permalink=\"https:\/\/www.legalindia.com\/news\/cbi-probe-recommended-against-yeddyurappa-kin\/supreme-court-211\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2012\/04\/supreme-court3.png?fit=135%2C144&amp;ssl=1\" data-orig-size=\"135,144\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"supreme court\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2012\/04\/supreme-court3.png?fit=135%2C144&amp;ssl=1\" class=\"size-full wp-image-19702 alignright\" alt=\"supreme court\" src=\"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2012\/04\/supreme-court3.png?resize=135%2C144&#038;ssl=1\" width=\"135\" height=\"144\" \/><\/a>The Supreme Court Monday asked Nokia India Pvt. Ltd. to make an offer to the Income Tax department for settling their tax row which has raised difficulties in the takeover of the mobile handset manufacturer&#8217;s Chennai plant by Microsoft.<\/p>\n<p>A bench of Anil R.Dave and Justice Shiva Kirti Singh asked the company to make the proposal to settle the tax issue, as it challenged the Delhi High Court order making parent company Nokia Finland jointly responsible for paying the taxes including penalties and interest as determined under the Income Tax Act.<\/p>\n<p>Faulting the Dec 12, 2012 high court order, senior counsel Mukul Rohtagi, appearing for the company, told the court that the high court could not have added the name of Nokia Finland along with that of Nokia India as being jointly responsible for the discharge of tax liabilities being raised by the tax authorities.<\/p>\n<p>Objecting to the first two conditions set out by the high court where Nokia Finland has been clubbed with Nokia India in the discharge of tax liabilities under section 201\/201A, Rohtagi told the court that it had no problem with the high court asking it to deposit Rs.2,250 crore in an escrow account, the details of which would be furnished to the tax authorities within one month of the agreement with Microsoft\/Microsoft International.<\/p>\n<p>Rohtagi told the court that they are willing to deposit the money in the escrow account provided its deal with Microsoft was allowed to sail ahead.<\/p>\n<p>He said otherwise it would shut the plant which has &#8220;perishable asserts&#8221; and then what would be left to recovered from the plant would be in the range of couple of hundred crores of rupees.<\/p>\n<p>The court was told that the closing of the plant would have a direct bearing on its 8,000 employees and indirectly it would impact the livelihood of more than 25,000 people.<\/p>\n<p>&#8220;What will happen if sale (of the Chennai plant) doesn&#8217;t take place&#8221;, Rohtagi told the court that &#8220;it (plant) is a perishable asset&#8221; and later it may not even fetch Rs.200 crore.<\/p>\n<p>He wondered how the high court could make Nokia Finland responsible for discharging a tax liability which was beyond the jurisdiction of Indian tax authorities.<\/p>\n<p>Saying that the notice by the tax authorities would take its course of litigation right up to the apex court, Rohtagi told the court that even though it was not obliged, yet Nokia Finland has undertaken to discharge the final amount that would eventually emerge.<\/p>\n<p>However, Rohtagi&#8217;s plea was opposed by Solicitor General Mohan Prasaran who said that high court had adversely commented on the conduct of Nokia in the dealing of the matter and that Nokia India had paid the dividends of Rs.3,500 crore to its parent company Nokia Finland.<\/p>\n<p>Prasaran told the court that Nokia India has already transferred Rs.26,000 crore to its parent company ever since it was set up.<\/p>\n<p>After issuing the tax notice, the Tax Authorities attached Nokia&#8217;s assets in Chennai which has come in the way of Nokia-Microsoft deal taking its logical course.<\/p>\n<p>(Source: IANS)<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court Monday asked Nokia India Pvt. Ltd. to make an offer to the Income Tax department for settling their tax row which has raised difficulties in the takeover of the mobile handset manufacturer&#8217;s Chennai plant by Microsoft. A bench of Anil R.Dave and Justice Shiva Kirti Singh asked the company to make the [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[27942,26340,47765,27941,4548,47774,47775,23371],"class_list":["post-32401","post","type-post","status-publish","format-standard","hentry","category-top-law-news","tag-anil-r-dave","tag-justice-shiva-kirti-singh","tag-news","tag-sc-asks-nokia-india-to-make-proposal-for-settling-tax-row","tag-senior-counsel-mukul-rohtagi","tag-todays-news","tag-todays-top-news","tag-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SC asks Nokia India to make proposal for settling tax row<\/title>\n<meta name=\"description\" content=\"SC asks Nokia India to make proposal for settling tax row\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/news\/sc-asks-nokia-india-make-proposal-settling-tax-row\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SC asks Nokia India to make proposal for settling tax row\" \/>\n<meta property=\"og:description\" content=\"SC asks Nokia India to make proposal for settling tax row\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/news\/sc-asks-nokia-india-make-proposal-settling-tax-row\" \/>\n<meta property=\"og:site_name\" content=\"Legal News India - Supreme Court &amp; 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The court also asked SIT to report to it in a\u2026","rel":"","context":"In &quot;Bar, Bench &amp; Firm News&quot;","block_context":{"text":"Bar, Bench &amp; Firm News","link":"https:\/\/www.legalindia.com\/news\/category\/bar-bench-firm-news"},"img":{"alt_text":"black money","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2015\/01\/black-money-300x156.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":13996,"url":"https:\/\/www.legalindia.com\/news\/f1-organisers-must-pay-tax-supreme-court","url_meta":{"origin":32401,"position":1},"title":"F1 organisers must pay tax: Supreme Court","author":"Legal India Admin","date":"October 21, 2011","format":false,"excerpt":"Jaypee Sports International Limited, the organisers of Formula 1 (F1) race event later this month in Greater Noida, have to deposit entertainment tax for which it has been given exemption by the Uttar Pradesh government, the Supreme Court said Friday. Justices D.K. Jain and Anil R. Dave issued the directions\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43963,"url":"https:\/\/www.legalindia.com\/news\/row-goods-entry-tax-hearing-scs-9-judge-bench-begins","url_meta":{"origin":32401,"position":2},"title":"Row over goods entry tax: Hearing by SC&#8217;s 9-judge bench begins","author":"Legal India News","date":"July 20, 2016","format":false,"excerpt":"A nine-judge bench of the Supreme Court today commenced hearing to examine the validity of separate entry taxes on goods mandated by various state government statutes, without heeding to the plea of the Centre to wait for the passage of GST Bill in Parliament. As the Constitution Bench headed by\u2026","rel":"","context":"In &quot;Tax Law News&quot;","block_context":{"text":"Tax Law News","link":"https:\/\/www.legalindia.com\/news\/category\/tax-law-news"},"img":{"alt_text":"Row over goods entry tax: Hearing by SC's 9-judge bench begins","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/07\/download-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":33926,"url":"https:\/\/www.legalindia.com\/news\/sc-decries-industrys-tendency-hold-back-dues-taxes","url_meta":{"origin":32401,"position":3},"title":"SC decries industry&#8217;s tendency to hold back dues &#038; taxes","author":"Legal India Admin","date":"June 28, 2014","format":false,"excerpt":"The Supreme Court Friday deprecated the tendency of some industrial houses not to pay the government dues and taxes while lavishly spending on celebrity actors for the advertising their products. A bench of made the observation as it refused to provide any interim relief to cement manufacturer Binani Cement Limited\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"tax","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2014\/06\/tax.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":32502,"url":"https:\/\/www.legalindia.com\/news\/lalit-modi-will-wait-rca-poll-results","url_meta":{"origin":32401,"position":4},"title":"Lalit Modi will have to wait for RCA poll results","author":"Legal India Admin","date":"March 12, 2014","format":false,"excerpt":"Former Indian Premier League chief Lalit Modi will have to wait for some more time to know the results of the Rajasthan Cricket Association's presidential election as the Supreme Court Tuesday adjourned the hearing in the matter till March 25. The bench of Justice Anil R. Dave and Justice Shiva\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"lalit modi","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2014\/03\/lalit-modi-150x105.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":30271,"url":"https:\/\/www.legalindia.com\/news\/justice-nagappan-justice-s-k-singh-sworn-sc-judges","url_meta":{"origin":32401,"position":5},"title":"Justice Nagappan and Justice S.K. Singh sworn in as SC judges","author":"Legal India Admin","date":"September 19, 2013","format":false,"excerpt":"Justice C Nagappan and Justice Shiva Kirti Singh were on Thursday sworn in as judges of the Supreme Court. They were administered the oath of office by Chief Justice P Sathasivam. With their appointment, the strength of the apex court judges has gone up to 30. It is still one\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-8qB","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/32401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=32401"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/32401\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=32401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=32401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=32401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}