In a fresh setback for British telecom giant Vodafone which is embroiled in talks with the government to settle a Rs 20,000 cr tax spat over the 2007 Vodafone-Hutchison deal, the income tax department has issued a demand notice of Rs 3700 cr against the MNC’s Indian arm on Wednesday, two people familiar with the development told ET NOW. “A final assessment order and a notice of demand seeking... 

Rs 2,000 crore notice has been sent from Income Tax department to the Finnish based company Nokia for breaking such unethical business transactions in the country. As per report I-T department has asked the finnish mobile firm on 21st March to paid the Rs 2,000 crore amount by a week time. Nokia Spokesperson quoted“In this regard, Nokia filed a writ before the Delhi High Court last week and on Friday,...