NEW DELHI: Finnish handset maker Nokia has offered to deposit the entire proceeds from the sale of its Chennai factory to Microsoft into an escrow account, pending the court order on its tax dispute with the government.
The government has frozen the Chennai unit as a result of the tax issue and the lifting of the freeze will allow the company to transfer its India assets to Microsoft by the December 12 deadline. The Delhi High Court which had to hear the matter on Monday has now de ..
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