Reuters: Technology News: Nokia says wins favorable ruling from Indian court on assets freeze

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Nokia says wins favorable ruling from Indian court on assets freeze Sep 30th 2013, 11:43 Tweet Share this Email Print The flagship store of Finnish mobile phone manufacturer Nokia is pictured in Helsinki September 7, 2012. Credit: Reuters/Sari Gustafsson/Lehtikuva NEW DELHI | Mon Sep 30, 2013 7:43am EDT NEW DELHI (Reuters) - Nokia Corp, which is in a $333 million tax dispute with Indian authorities, said the Delhi High Court last week ruled in the company's favor in a case where the tax office froze some of its assets. "We are now working closely with the tax authorities to ensure that the parties will find a comprehensive solution to the remaining open issues, and discussions have been constructive," the Finnish company said in a statement, declining to comment further. Nokia, which has agreed to sell its handset business to Microsoft Corp, said it had sufficient assets in India to meet its tax obligations and would share details of it with tax authorities to allay any concern. (Reporting by Devidutta Tripathy; Editing by Anand Basu) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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