Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT Audit :: cpt :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: due date for vat payment :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ACCOUNTING STANDARDS
 
 
« Indirect Tax »
 Indirect tax receipts to see small, brief hit’
 There is no tax on interest income of up to Rs3 lakh a year for senior citizens
 Chidambaram favours change in direct tax rates
  Further rationalization of revised simplified procedure for fixation of brand rates
 Kerala to accept demonetised banknotes for payment of state tax till Nov 24
 Centre-state gridlock over GST jurisdiction remains, could threaten tax rollout
 India to levy tax on investments from Cyprus from April 2017
 Why tax radar may detect your cash deposits after Nov 8
 Income tax notices to religious, charitable trusts
 ICAI starts course on accounting technicians
 More trouble ahead as Tata Trusts get I-T summons for tax avoidance

Delhi High Court asks Nokia to appeal to Commissioner of Income-tax
April, 18th 2013

Nokia India on Wednesday withdrew the writ petition filed in the Delhi High Court against the income tax department's demand notice of over Rs. 2,000 crore served on it for alleged evasion of taxes in its transactions here.

The High Court directed Nokia to take their appeal to Commissioner of Income-tax (Appeals) [CIT(A)].

Nokia has to file an appeal within four days and CIT(A) will decide on the case by May 31.

The interim stay on the Nokia order will operate till May 31 and the tax department cannot take coercive action till one week after the CIT order.

Mr Sanjiv Sabherwal, the senior standing counsel for the income tax department, told NDTV, ''It is a well reasoned order on the basis of the material found during the survey in Chennai and Gurgaon.''

''The production head at Nokia, Chennai has given a recorded statement on the fact that the software was being put into the mobile handsets at the production sites. And not as Nokia claims that the software was already embedded into the handsets,'' Mr Sabherwal added.

''Invoices of payment for software were also found in their Gurgaon office'', the senior standing counsel said.

The alleged tax evasion pertains to royalty payment made against supply of software by the company's parent company which attracts a 10 per cent tax deduction under the Tax Deducted at Source (TDS) category, sources at income tax department had said.

The Indian subsidiary of the Finnish mobile phone maker, on March 21, was served with the income tax notice asking it to pay 2,058 crore for alleged evasion of taxes in its business transactions in the country.

The company then moved the court which had on March 22 granted an interim stay on the operation of the demand notice and asked the tax department to file its reply.

The department has analysed the company's business statements since 2006-07 till 2010-11, they said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions