Nokia wins favorable assets ruling from Indian court in tax dispute
Nokia is currently in a $333 million tax dispute with Indian authorities, but the company has reported that the Delhi High Court last week ruled in their favour. This ruling was in a case where the tax office froze some owned assets. Nokia also states the company is working closely with authorities to ensure that a solution to remaining issues is found.
Nokia previously had its facility in Chennai raided by authorities, which it later classed as "unacceptable." The company is a major brand in the region, with India proving to be a stronghold for affordable Lumia and Asha mobile phones. The company has said it had sufficient assets in India to meet its tax obligations and would indeed share details with tax authorities.
Oil company Royal Dutch Shell, and mobile giant Vodafone are both fighting claims by Indian officials.
Source: Indiatimes; thanks, riffraffy, for the tip!
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Rich Edmonds was formerly a Senior Editor of PC hardware at Windows Central, covering everything related to PC components and NAS. He's been involved in technology for more than a decade and knows a thing or two about the magic inside a PC chassis. You can follow him on Twitter at @RichEdmonds.