Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
PRESS RELEASE
New Delhi, 10th October, 2015
Subject: Clarification regarding fresh Income tax notice to Nokia India.
There have been some
reports in the media yesterday and today that the Income tax Department has issued
fresh demand notice to Nokia India. These reports are erroneous.
An assessment order was
passed in the case of Nokia India Pvt Ltd for Assessment Year 2010-11 in August 2015.
The tax demand raised by this order was primarily based on issues arising from earlier
orders.
The demand arising from the
assessment order passed in August 2015, along with the demands raised earlier are already being considered under Mutual
Agreement Procedure (MAP) of the
India-Finland tax treaty by the Competent Authorities in both countries.
(Shefali Shah)
Pr. Commissioner of Income Tax (OSD)
Official Spokesperson, CBDT
