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1 min read
Indian government denies reports on PSBs withdrawing funds from abroad due to the Cairn dispute, and is strongly defending its stand in the dispute
The Indian government has denied reports that it has asked state-owned banks to withdraw funds from…
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
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
2 mins read
Cairn Energy CEO meets Indian finance secretary as shareholders impatiently wait for action on the $1.4 billion tax dispute
Days after filing cases in the US, the UK and the Netherlands courts to get $1.4 billion in a tax d…
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 has reportedly seized Indian government assets in France worth over $23 million
Cairn Energy has made its first successful attempt at freezing Indian state-owned assets in its ong…
3 mins read
Cairn says it has identified Indian assets for seizing should it be not paid
The firm has moved courts in nine countries to get the arbitral award registered and recognised.…
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
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…
4 mins read
Cairn expects arbitration award in retro tax case by this summer
"Interest is currently being charged on the principal at a rate of 12 per cent per annum from Febr…
PTI
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…
2 mins read
Deadline for tax settlements has been extended till January 31 now
On May 26, the government had notified the scheme saying it would open on June 1 and close on Decem…
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
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
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…
1 min read
Nokia cajoles Indian Government to settle Rs 20,000-crore tax dispute amicably
Nokia is in Rs 20,000 crore-odd tax dispute after authorities froze its assets in India and prevent…
