Nokia says wins favourable ruling from Indian court on assets freeze

Reuters

NEW DELHI, Sept 30 (Reuters) - Nokia Corp, whichis in a $333 million tax dispute with Indian authorities, saidthe Delhi High Court last week ruled in the company's favour ina case where the tax office froze some of its assets.

"We are now working closely with the tax authorities toensure that the parties will find a comprehensive solution tothe remaining open issues, and discussions have beenconstructive," the Finnish company said in a statement,declining to comment further.

Nokia, which has agreed to sell its handset business toMicrosoft Corp, said it had sufficient assets in Indiato meet its tax obligations and would share details of it withtax authorities to allay any concern.

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