of Rs 3,500 crore.
Seeking modifications in the order, the I-T department, in its fresh application, had said "in the conditions imposed by the High Court ..., the situs of amount of Rs 3,500 crores and the realisation thereof is not stated/directed.
"It is requested, for the sake of clarity, to issue necessary directions for placing the aforesaid amount also in an escrow account preferably in India. The I-T department also very humbly seeks directions/clarification for payment of the said amount of Rs 3,500 crore as and when the demand is raised and is due for payment," the I-T department had said.
The court had on December 12 allowed the plea of Nokia for lifting of a stay on transfer of its assets in India. The firm had said that the injunction will jeopardise the sale of its Indian arm to Microsoft under a USD 7.2 billion global deal.
The I-T Department, which had rejected the offer of Nokia to pay a minimum deposit of Rs 2,250 crore to it, said Nokia India and Nokia Corporation owe it Rs 21,153 crore as total tax liability (existing and anticipated), including penalty during a seven-year period from 2006-2013.
The I-T department had also sought certain directions "pertaining to the mechanism for adjustment of refunds till the tax issues reach finality".
"Petitioners have yet to furnish the undertaking and guarantee bond in terms of the Court's directions dated 12.12.2013 and the Appellant/Respondents (IT department) reserve their right and seek liberty to give their comments /response/objections, if any, as and when the guarantee bond/undertaking is made available by the Petitioners (Nokia)," it had said.