Retro Tax: Cairn drops lawsuits against Indian govt in US, UK; completing formalities in Paris, Netherlands
Cairn Energy has dropped lawsuits against the Indian government and its entities in the US.
Dec 26, 2021, 10:57 AM IST
US court sets timelines for $1.2 billion Cairn-India legal case
The British firm had in May asked the US federal court to force Air India to pay the USD 1.26 billion arbitration award the firm had won in December.
Aug 27, 2021, 18:07 PM IST
Cairn to seize Indian properties in Paris? Govt says no orders received
Commenting on news reports that Cairn Energy has seized/ frozen state-owned property of the government of India in Paris, the Union Finance Ministry said the government of India has not received any notice, order or communication in this connection from any French court.
Jul 08, 2021, 16:34 PM IST
Big jolt to Indian government! Cairn Energy freezes 20 state-owned properties in France: Report
In December, 2020, An arbitration panel had ordered the Indian government to pay USD 1.2 billion-plus interest and penalty to Cairn.
Jul 08, 2021, 10:52 AM IST
Cairn Energy sues Air India to enforce $1.2 billion arbitration award
MUMBAI/NEW YORK (Reuters) -Cairn Energy has sued India`s flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters.
May 15, 2021, 14:42 PM IST
Cairn says final drafting of arbitration award against retro tax in process
Cairn said it is seeking monetary compensation of USD 1.4 billion from the Indian government in the arbitration proceedings.
Jan 22, 2019, 14:41 PM IST
Cairn tax dispute: I-T dept orders recovery of Rs 10,000 crore
The Income Tax Department has ordered coercive action against Cairn Energy Plc to recover Rs 10,247 crore of retrospective tax after the British oil firm lost a challenge to the move before an international arbitration panel.
Jun 19, 2017, 13:16 PM IST
Cairn accuses finmin official of ordering dividend freeze
British oil firm Cairn Energy plc has accused a senior finance ministry official of "privately" advising billionaire Anil Agarwal-led Vedanta Group to withhold its dividend income for a potential squaring off of a retrospective tax liability.
May 01, 2017, 16:43 PM IST
Setback to India: International panel rejects stay on Cairn arbitration
The panel, comprising three judges of international repute, has also turned down India’s application for bifurcation of the issue of whether tax is covered under India-UK bilateral investment protection treaty.
Apr 26, 2017, 14:06 PM IST
I-T seeks Rs 30K crore penalty from Cairn for non-payment of tax
Senior tax department officials said Cairn Energy has sought 10 more days to reply to the show cause seeking levy of penalty.
Apr 20, 2017, 15:43 PM IST
Tax dept slaps fresh demand note of Rs 10,247 crore on Cairn
Within weeks of tax tribunal ITAT upholding levy of retrospective tax, the Income Tax Department has slapped a fresh demand note of Rs 10,247 crore on British explorer Cairn Energy Plc.
Apr 09, 2017, 14:11 PM IST
Cairn liable to pay Rs 10,247 crore capital gains tax: ITAT
Tax tribunal ITAT as upheld levy of Rs 10,247 crore capital gains tax on UK's Cairn Energy Plc but has held that interest cannot be charged on it as the demand was raised using retrospective tax legislation.
Mar 10, 2017, 18:00 PM IST
I-T dept lifts freeze on Cairn dividend payout, stake bar stays
The tax department has agreed to lift the freeze on British oil explorer Cairn Energy being paid dividend by its erstwhile subsidiary Cairn India, but it still cannot sell the residual stake pending a tax dispute.
Mar 08, 2017, 15:31 PM IST
Cairn seeks repeal of retro tax law in upcoming Budget
Days before Finance Minister Arun Jaitley is to present his fourth Union Budget, British oil firm Cairn Energy Plc on Wednesday asked him to use the opportunity to repeal the retrospective tax legislation that continues to create a barrier for international investors.
Jan 25, 2017, 15:34 PM IST
Companies must drop retro tax cases to avail settlement scheme: CBDT
Vodafone, Cairn Energy and other firms facing retrospective tax demand will have to withdraw legal cases and give up the right to contest constitutional validity of back-dated amendment to I-T laws if they want to avail of the dispute resolution scheme ending on December 31.
Dec 25, 2016, 16:56 PM IST
Cairn writes to Modi seeking resolution to Rs 29,047 crore retrospective tax demand ahead of UK PM's visit
Cairn writes to Modi seeking resolution to Rs 29,047 crore retrospective tax demand ahead of UK PM's visit
Nov 06, 2016, 16:56 PM IST
Retrospective tax demand: Govt seeks putting Cairn arbitration on hold
Government has sought putting on hold the arbitration initiated by British oil explorer Cairn Energy against a Rs 29,047 crore retrospective tax demand and instead wants a parallel arbitration initiated by Vedanta Resources to be taken up first.
Oct 19, 2016, 12:31 PM IST
Cairn India oil and gas output drops 4% in Q2, 2016
Cairn India today reported a 4 percent drop in its oil and gas production during the second quarter ended September 30 after eastern offshore Ravva field output dipped by more than a quarter.
Oct 10, 2016, 16:49 PM IST
Cairn tax dispute: India has to respond by Nov on $5.6 bn compensation demand, says CEO
India has time till November to respond to Cairn Energy's demand for USD 5.6 billion compensation in the retrospective tax case, said CEO of the British oil firm, Simon Thomson.
Aug 25, 2016, 16:54 PM IST
Cairn Energy seeks $5.6 billion compensation from India for raising retrospective tax demand
British explorer Cairn Energy has sought USD 5.6 billion in compensation from the Indian government for raising a retrospective tax demand of Rs 29,047 crore on 10-year old internal reorganisation of its India unit.
Jul 12, 2016, 12:45 PM IST
