Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

Delhi High Court stays Rs 411 crore tax demand on Nokia

BGR India Monday, 20 March 2017 ()
The Delhi High Court today put on hold the Income Tax department’s order for recovery of over Rs 411 crore outstanding tax from Nokia India Sales for the assessment year 2014-15. A bench of Justices S Ravindra Bhat and Najmi Waziri issued the direction on Nokia’s plea challenging the assessing officer’s March 9 interim order for recovery of 33 percent of outstanding taxes which came to more than Rs 411 crore. The court also issued notice to the Centre and the I-T department and sought their reply to Nokia’s plea claiming that income assessed by the assessing officer was ten times more than what was declared by the company. The assessing officer had issued the order for recovery of 33 per cent of the outstanding taxes calculated
Share on
Share on
Post on 
Share by

You Might Like

Recent related news

HC stays over Rs 411 cr income tax demanded from Nokia

The Delhi High Court today put on hold the Income Tax department's order for recovery of over Rs 411 crore outstanding tax from Nokia India Sales for the...
DNA - India

Justice Karnan seeks Rs 14 crore from Supreme Court judges

It seems nothing can silence Justice Karnan. The Calcutta High Court judge wrote a letter addressed to the seven senior most judges of the Supreme Court seeking...
DNA - Front PageAlso reported by •IndiaTimes

Tax court judge recuses himself from KPMG-linked trial after CBC revelations

A federal tax court judge has recused himself from a high-profile case involving accounting giant KPMG following revelations by the CBC that he attended an...
CBC.ca - Front Page

Govt collects Rs 391529 cr as advance tax 16th of this month during current fiscal

The government has collected three lakh 91 thousand 529 crore rupees as advance tax till 16th of this month during the current fiscal compared to three lakh 52...
All India Radio - India

Rs 39,000 crore Aamby Valley project to be aunctioned: SC warns Sahara

The Supreme Court today warned the Sahara Group that its Aamby Valley property worth 39,000 crore rupees in Pune will be auctioned if the company fails to...
All India Radio - India

Other recent news in Technology

Android security came a long way in 2016 but GOOGLE says there is more workFACEBOOK made an unprecedented move to partner with ad tech companies — including Amazon — to take on Google (FB, GOOG, AMZN)
Google plans faster updates for all ANDROID phones in 2017GOOGLE MAPS will soon let you share your real-time location — here's how it works
Dozens watched a FACEBOOK LIVE stream of sexual assaultAT&T and Verizon PULL ADS from Google and YouTube over hate speech
Facebook's Safety Check feature has been activated in LONDON after the Westminster attack (FB)VAIO's slick metal WINDOWS Phone is resurrected for Android
Netflix's big budget 'DEATH NOTE' remake lands on August 25thLINKEDIN Launches Trending Storylines, Delivers Curated News


Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+