Nokia says India freezes some assets in tax dispute

NEW DELHI/HELSINKI (Reuters) - Indian authorities have frozen some of Nokia's assets in a tax dispute, the Finnish phone maker said on Monday, although it does not expect the move to delay the sale of its handset business to Microsoft Corp. Nokia has been in dispute with Indian authorities over an income tax bill of 20.8 billion rupees ($333 million), one of several tax disagreements involving foreign companies in India. Indian tax authorities froze Nokia's assets and bank accounts last Wednesday, a company executive said. ...

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