The Resource Nokia India Private Ltd v Additional Commissioner of Income Tax and another : (Civil) No 6150/2013

Nokia India Private Ltd v Additional Commissioner of Income Tax and another : (Civil) No 6150/2013

Label
Nokia India Private Ltd v Additional Commissioner of Income Tax and another : (Civil) No 6150/2013
Title
Nokia India Private Ltd v Additional Commissioner of Income Tax and another : (Civil) No 6150/2013
Creator
Contributor
Subject
Language
eng
Summary
Judgment by the High Court of Delhi at New Delhi, judgment date 7 December 2013. The taxpayer was a subsidiary of Nokia Finland which manufactured and sold mobile telephones. The tax department announced that it was reopening and investigating certain tax assessments relating to previous years. The department also claimed that the taxpayer had failed to withhold tax due on payments made to Nokia Finland and disallowed the deduction of such payments from the taxpayer's current assessment. Much of the dispute between the Revenue and the taxpayer focused on whether payments to Nokia Finland had been royalties or payments for services. Meanwhile Nokia Finland wanted to sell the Indian assets to Microsoft. The court decided that the assets could be sold (and the plants stayed open) separate from the tax dispute. Nokia Finland agreed to provide a letter of guarantee acknowledging responsibility for paying any amount of tax it might be found to owe but refused to guarantee the taxpayer's tax debt
Citation source
In: International tax law reports. - London. - Vol. 16 (2014),
http://bibfra.me/vocab/relation/comm
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http://library.link/vocab/creatorName
Goradia, S
Geographic coverage
Asia
Language note
English
http://library.link/vocab/relatedWorkOrContributorName
Baker, P
http://library.link/vocab/subjectName
  • case law
  • enforcement
  • investigation
  • guaranteed payments
Label
Nokia India Private Ltd v Additional Commissioner of Income Tax and another : (Civil) No 6150/2013
Instantiates
Publication
Label
Nokia India Private Ltd v Additional Commissioner of Income Tax and another : (Civil) No 6150/2013
Publication

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