I-T dept’s survey at Nokia unit over ‘tax evasion’
The Income Tax (I-T) department on Tuesday conducted a survey operation on the premises of Finnish cellphone major Nokia in Chennai on charges of alleged tax evasion, HT reports.delhi Updated: Jan 09, 2013 00:30 IST
The Income Tax (I-T) department on Tuesday conducted a survey operation on the premises of Finnish cellphone major Nokia in Chennai on charges of alleged tax evasion.
According to the I-T department sources, the survey operation was conducted at the premises of Nokia in Chennai.
“The operation was conducted under section 133 of the I-T Act, to look into tax evasion, which might have resulted due to alleged mismatch in payments made by the company under Tax Deduction at Source,” sources said. The operation was conducted by a team of about 40 officials and details related to the findings were not divulged by the I-T sleuths.
"Earlier today (Tuesday) , tax officials visited Nokia's manufacturing unit in Chennai and Nokia is fully cooperating to ensure they get the necessary information to help in their inquiry," Nokia spokesperson said in an emailed statement to HT.
"Nokia consistently fields a large and steady number of tax queries, audits and assessments," it further said.