Cairn approaches international panel for injunction against I-T dept
Cairn Energy plc has approached an international arbitration panel seeking an injunction against Indian income tax department initiating proceedings to recover Rs 10,247 crore in retrospective tax.
Jun 08, 2017, 14:55 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
Cairn seeks removal of retrospective tax law
Cairn Energy plc has asked Finance Minister Arun Jaitley to do away with the legislation in the Budget next month to restore faith of international investors in India.
Jan 14, 2016, 15:26 PM IST
British MP nudges Jaitley on Cairn Energy tax dispute
In January 2014, Cairn was slapped with a Rs 10,247 crore assessment notice.
Jan 09, 2016, 15:20 PM IST
Cairn seeks quick resolution to tax row
As the government grapples with its arbitration notice against a Rs 10,247 crore tax demand, British oil explorer Cairn Energy has said a quick judicial resolution to the issue will help restore confidence of retrospective tax-rattled international investors.
Aug 12, 2015, 15:49 PM IST
Govt rejects Cairn's arbitration on tax dispute
The government has rejected Cairn Energy UK's plea for an arbitration over Rs 10,247-crore tax dispute saying taxation is not covered under the UK-India Investment Promotion and Protection Treaty.
Jun 28, 2015, 11:28 AM IST
I-T dept to defend Rs 20,495-cr tax claim on Cairn India
The Income Tax Department will defend the Rs 20,495-crore tax claim it has made on Cairn India even after the company is merged with its parent Vedanta Ltd.
Jun 16, 2015, 17:50 PM IST
Rs 20K crore tax calculated on wrong principles: Cairn to HC
Cairn India on Wednesday told the Delhi High Court that the Rs 20,495 crore demand slapped on it by the Income Tax department has been calculated on "wrong" principles and it would come to around Rs 5000 crore.
Apr 29, 2015, 19:33 PM IST
Cairn Energy seeks compensation from India on tax demand
I-Tax Department says Cairn Energy allegedly made a capital gain of Rs 24,503.50 crore in 2006 while transferring all its India assets to a new company, Cairn India.
Mar 24, 2015, 13:52 PM IST
Cairn's tax liability credit negative for Vedanta: Moody's
I-T Department has slapped a Rs 20,495 crore tax demand on Cairn India Ltd for allegedly failing to pay taxes on gains made by Cairn Energy eight years ago.
Mar 17, 2015, 14:37 PM IST
Cairn tax demand has not reduced investors' enthusiasm:Jaitley
Finance Minister Arun Jaitley today rejected suggestions that the huge retrospective tax demand on Cairn India has overshadowed enthusiasm in the Indian economy and said it is a "legacy" issue that has to be sorted through legal process.
Mar 14, 2015, 20:28 PM IST
Cairn tax case won't derail investor confidence in India: UK
A minister in the UK Treasury has said that the dispute surrounding the USD 1.6 billion tax bill imposed on Scottish oil major Cairn Energy by Indian authorities will not affect UK investor confidence in India.
Mar 13, 2015, 23:26 PM IST
