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India Authorities Dismiss Nokia Oyj's Tax Appeal-Reuters

Friday, 31 May 2013 08:33am EDT 

Reuters reported that Indian authorities dismissed Nokia Oyj's appeals over an income tax demand of 20.8 billion Indian rupees (USD 370 million), a setback for its efforts to resolve the dispute in a crucial market. Nokia's India unit was served in March with the tax demand for five years starting from 2006/07, in one of several tax disputes involving a foreign company in India. 

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