The Delhi High Court on Thursday directed the income-tax department to respond and take a decision by Monday on Nokia India's offer to deposit Rs 2,250 crore to it towards the tax liability.
"You (IT department) have to take a decision. Say yes or no. If it is acceptable say yes, if not, say no. Either way, but you can't say we will not decide," a bench of Justices Sanjiv Khanna and Sanjeev Sachdeva said.
Earlier, the Finish handset-maker pleaded that stay on transfer of its assets in India be vacated. It said that the court's injunction will jeopardies the sale of its Indian arm to Microsoft under the USD 7.2 billion global deal.
The company said that it is willing to pay a minimum deposit of Rs 2,250 crore as tax after the completion of its sale of business to Microsoft.
The Additional Commissioner of Income Tax ACIT) filed another petition on Thursday before HC, urging that Nokia India's proposal should be dismissed as the company is seeking relief from the court with facts hidden behind its back. |