TMI Blog2013 (9) TMI 1244X X X X Extracts X X X X X X X X Extracts X X X X ..... ding counsel, accepts notice on behalf of the respondent. 2. Counter affidavit will be filed within two weeks. Rejoinder, if any, will be filed within two weeks thereafter. 3. List on 12th November, 2013. 4. Learned counsel for the petitioner has drawn our attention to the impugned order dated 25.9.2013. He has pointed out that in terms of the said order, all bank accounts of the petitioner (15 in number) have been provisionally attached. He submits that as per Clause A to paragraph 2.6, all book debts including trade receivables, short term loans and advances, long term loans and advance appearing in the books of account of the petitioner as on date have been attached. He states that the petitioner is a run ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons in India and 50% of the hand-sets are manufactured in India. They are also exported. The petitioner has no intention to close their operations in India. 8. Learned counsel for the respondent submits that the position has undergone a change after order dated 21.6.2013, as ₹ 3500 Crores have been repatriated to the parent company as dividend. It is submitted that during course of the meeting with the Commissioner of Income Tax, Delhi- V, Lari Hintsanen, World Head of Taxation, Nokia Corporation and Vikas Srivastava, authorised representative Nokia India Private Limited had appeared and were asked about the agreement between Nokia Corporation and Microsoft Corporation. However, they were not able to give details as the sai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed to receive debts created receivables, loans and advances but the amount so received will be deposited in the bank accounts mention in sub-para D of para 2.6 of the impugned order. (3) The petitioner will not transfer, sell or alienate movable plant or machinery located in the immovable properties mentioned in Clause B of para 2.6 of the impugned order. (4) The petitioner will be entitled to operate the bank accounts in normal course of business and will file monthly statement of bank accounts with the assessing officer in hard copy as well as by sending details via e.mail at the address which may be provided by the assessing officer to the petitioner. (5) The petitioner before repatriating any money ..... X X X X Extracts X X X X X X X X Extracts X X X X
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