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2 mins read
OPINION: Retrospective tax — Putting an end to a long-standing controversy
The retrospective amendments attracted a lot of attention, both when they were first introduced in …
2 mins read
A brief history of India’s retrospective tax law that would finally be upturned for good
On Thursday, August 5, the Indian government proposed to withdraw all tax demands under the retrosp…
3 mins read
Taxation and industry experts cheer the potential withdrawal of retrospective tax
The government of India has decided to withdraw the controversial retrospective tax, which was firs…
4 mins read
Indian government brings in a bill to bury the infamous retrospective tax that haunted Cairn and Vodafone for nearly a decade
In a bid to bury the ghost of retrospective taxation, the government on Thursday brought a bill in …
PTI
4 mins read
India will have to pay Cairn $1.2 billion ending one of the biggest tax disputes of the decade— but the tax department may not have given up yet
At the start of the decade, the Indian government had a claim of ₹24,500 crore (over $2 billion at …
2 mins read
Cairn Energy in wait and watch mode even after the bill to kill retro tax is tabled in the Parliament
Cairn Energy is not making any notable statements and has instead chosen to wait and watch how the …
4 mins read
New York court pauses tax suit to allow Cairn to settle dispute with India
The New York district court delayed the tax suit to November 18, according to court documents re…
PTI
5 mins read
Cairn accepts India's $1 billion refund offer, says will drop all cases against the government
The offer to return money seized to enforce retrospective tax demand in lieu of dropping all l…
PTI
3 mins read
Cairn Energy and Air India seek stay on New York court proceedings
The move follows the government enacting a law to scrap retrospective taxation in the country, …
PTI
4 mins read
Indian government appeals against tribunal ruling of $1.4 billion Cairn arbitration award
The appeal was filed on Monday, a source with knowledge of the matter said. The appeal agai…
PTI
3 mins read
Know how the Income Tax authorities are creating an obstacle in its bid to sell its Tamil Nadu plant
Nokia's efforts to sell its Chennai plant face another
setback as tax authorities have insisted the…
3 mins read
Indian government asks a US court to dismiss Cairn Energy's plea on $1.2 billion award, cites 'sovereign immunity'
Cairn had in May asked a US federal court to force Air India to pay a USD 1.26 billion arbitrati…
3 mins read
Why tax terrorism is counterproductive
Vodafone was slapped with Rs 3,200-crore tax demand for issuing new shares to its parent company at…
3 mins read
Tax demand against Vodafone and Cairn Energy remains valid
CBDT Chairman Atulesh Jindal told PTI "as long as" the retrospective amendment of the IT Act pass…
1 min read
Cairn Energy slapped with Rs 29, 000 crore retrospective tax
I-T Department alleges that Cairn Energy made a capital gain of Rs 24,503.50 crore in 2006 when it …
2 mins read
Government open to out-of-court settlement with Vodafone and Cairn on tax cases
The government today said that it is open to out-of-court settlement with Vodafone and Cairn on tax…
3 mins read
Vodafone Idea presses for Rs 7,000 cr tax refund; I-T dept hesitant in view of fresh liability
New Delhi, Nov 19 () Vodafone Idea, India's third-largest telecom service provider, is seeking abou…
PTI
1 min read
India records 24,712 fresh COVID-19 cases with 312 deaths
India on Thursday witnessed 24,712 fresh Covid-19 infections taking the total number of cases to 1,…
3 mins read
Did Arun Jaitley knowingly step into the multibillion-dollar FII tax row?
The Finance Ministry could have sidestepped a damaging multibillion-dollar tax row with foreign inv…
Reuters
1 min read
India's FY21 GDP now expected to contract by 7.8%, says Indian Ratings and Research
India Ratings and Research on Thursday narrowed the contraction in India's FY21 gross domestic prod…