The Income Tax (IT) Department on Monday told the Delhi High Court that the offer of Finnish mobile maker Nokia to pay a minimum deposit of Rs 2,250 crore to it, out of the company's total tax liability of nearly Rs 6,500 crore, is not acceptable.
Nokia India, however, stuck to its offer and said it is for the department to decide if they are better off with the proposed amount or without it.
A bench of justices Sanjiv Khanna and Sanjeev Sachdeva observed "you (Nokia) are offering nothing".
To this, senior advocate Harish Salve, appearing for Nokia, said "we are not in a position to offer more" and added that Rs2,250 crore is minimum depending upon the outcome of its deal with Microsoft.
Earlier, the mobile handset-maker firm had sought lifting of a stay on transfer of its assets in India saying the court's injunction will jeopardize the sale of its Indian.