Sources privy to the tax case of Nokia said the firm's assets were frozen not only for the purpose of obtaining revenue with regard to the earlier demand of Rs. 2,080 crore, but also in connection with the forthcoming demand notices, which could be issued "as soon as assessment proceedings finish within 2013."
"The estimated fresh tax liability on the firm could be about Rs. 1,000 crore and the I-T procedures will be followed in this regard," the sources said.
When contacted by PTI, Nokia said it is unaware of any such forthcoming action and it was not in a position to comment on a prospective move.
"Nokia's longstanding policy is not to comment on market speculation, but we can say that we are unaware of any such claim from the income tax authorities.
"Nokia operates with transparency in its business transactions and is committed to resolving the outstanding issues with Indian tax authorities in accordance with all applicable laws. We are, however, also ready to defend ourselves vigorously as needed," a statement from the official spokesperson of the company said.