PRESS TRUST OF INDIA
New Delhi, 1 October
Delhi High Court has restrained Finnish mobile maker Nokia from selling or transferring its ownership rights in India relating to movable and immovable assets in an alleged tax evasion case.
A Bench of justices Sanjiv Khanna and Sanjeev Sachdeva, while hearing a plea of Nokia India Pvt Ltd against the Income tax department’s recent order attaching (freezing) its all 15 bank accounts, also asked the handset firm to inform the assessing officer two days in advance before repatriating any money abroad.
The Bench also asked the company not to transfer dividend abroad without its permission.
“The petitioner (Nokia India) will not surrender the lease-hold rights or transfer the ownership rights in respect of any of the immovable asset transfer and the fixed asset to any third person,” the court said in a recent order.