IT Dept rejects Nokia’s offer to pay Rs 2,250 cr in tax row

The Income Tax (IT) Department Monday told the Delhi High Court that the offer of Finnish mobile maker Nokia to pay a minimum deposit of Rs 2,250 crore to it, out of the company’s total tax liability of nearly Rs 6,500 crore, is not acceptable.

Nokia India, however, stuck to its offer and said it is for the department to decide if they are better off with the proposed amount or without it.