Dissent in Nokia tax verdict may mean more litigation – Rakesh Nangia

A dissenting judgment in the majority order by a tax tribunal over the issue of permanent establishment (PE) has fuelled fear of more litigation. The Income Tax Appellate Tribunal (ITAT) ruled in favor of Finland-based Nokia Network OY, engaged in manufacturing of advance mobile and fixed telephony equipment and systems.   Rakesh Nangia, Managing Partner shares his views on Dissent in Nokia tax verdict may mean more litigation for Business Standard.