Vodafone asked to reply on conciliation proposal by Tuesday: FM

Last Updated: Monday, December 30, 2013, 18:53

Vodafone has been asked to give the final reply by Tuesday on the government proposal for a non-binding conciliation to settle the Rs 11,200 crore tax dispute, Finance Minister P Chidambaram has said.

Tribunal stays I-T order, asks Vodafone to pay Rs 200 cr now

Last Updated: Friday, December 27, 2013, 22:37

The Income Tax Appellate Tribunal (ITAT) Friday stayed a Rs 3,700 crore tax claim by the I-T Department on Vodafone India in a transfer-pricing dispute and asked the telecom company to deposit Rs 200 crore as initial payment and submit bank guarantees for the remaining sum.

Kingfisher Airlines assets attached on tax default

Last Updated: Sunday, December 15, 2013, 18:32

The Income Tax department has attached all assets of cash-strapped Kingfisher Airlines for failing to remit taxes amounting to Rs 350 crore, a senior official said Sunday.

Nokia tax case: Finland welcomes Delhi HC order

Last Updated: Sunday, December 15, 2013, 12:46

Nokia and a string of multinational companies have come under the scanner of tax authorities of India. The companies have denied any wrong doing but tax authorities say they need to protect revenues.

Nokia welcomes Delhi HC order, says many clearances still left

Last Updated: Thursday, December 12, 2013, 20:59

Buoyed by the Delhi High Court's decision, Finnish handset maker Nokia Thursday said it will now start the planned transfer of its Indian assets to Microsoft, but said various statutory clearances are required before the hand-over.

Nokia Chennai plant workers welcome Delhi HC order

Last Updated: Thursday, December 12, 2013, 20:25

Workers of Nokia plant near here welcomed the Delhi High Court order that defroze the assets of the Finnish firm in India, paving the way for their sale to Microsoft.

HC defreezes Nokia's assets; paves way for sale to Microsoft

Last Updated: Thursday, December 12, 2013, 15:13

In a major relief to handset maker Nokia, the Delhi High Court Thursday defreezed the assets of the Finnish firm India, including in Chennai, paving the way for their sale to Microsoft.

7,000 Nokia employess keenly await Delhi HC verdict today

Last Updated: Thursday, December 12, 2013, 11:42

The Delhi High Court will pronounce Thursday its verdict on Nokia's plea for a direction to Income Tax department for lifting of the stay on transfer of assets here in view of its USD 7.2 billion global deal with Microsoft.

Nokia tax plea: High Court verdict Thursday

Last Updated: Wednesday, December 11, 2013, 21:15

The Delhi High Court will pronounce Thursday its verdict on Nokia's plea for a direction to Income Tax department for lifting of the stay on transfer of assets here in view of its USD 7.2 billion global deal with Microsoft.

FM has asked Voda its views on tax issue in writing: Official

Last Updated: Tuesday, December 10, 2013, 22:36

"Finance Minister P Chidambaram has asked Vodafone to give its view on the tax matter in writing," said the Finance Ministry official.

Nokia tax case: India, Finland officials discuss tax dispute

Last Updated: Tuesday, December 10, 2013, 21:09

Nokia had moved the Delhi High Court seeking lifting of a stay on transfer of its assets here and offered to pay a minimum deposit of Rs 2,250 crore as tax.

We have not received official tax claim of Rs 21,153 cr: Nokia

Last Updated: Monday, December 9, 2013, 20:50

Nokia Monday said that it has not been served with "any official claim" of the Income Tax (I-T) department that has told the Delhi High Court that the mobile company owes it Rs 21,153 crore as tax liability (existing and anticipated), including penalty.