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Wireless

Supreme Court rejects Nokia's appeal

Monday 17 March 2014 | 02:55 CET | News
India's Supreme Court has rejected Nokia's appeal against a Delhi High Court order which directed the company to give a guarantee covering its tax liabilities, in addition to the INR 22.50 billion that needs to be deposited in an escrow account before the company is allowed to transfer its handset factory in Chennai to Microsoft. Nokia has said it will now consider its next steps, the Economic Times reports. India's income tax department claims the deal between Microsoft and Nokia is aimed at stopping the government from recovering taxes from Nokia India.

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Categories: Mobile & Wireless
Companies: Microsoft / Nokia
Countries: India
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