Will seek $1 billion from India in damages: Cairn Energy
British oil firm Cairn Energy Plc Tuesday said it will seek from India over USD 1 billion in damages for loss it suffered in value of its holding from a Rs 10,247-crore tax demand raised on its eight-year-old internal business recognition.
Jan 19, 2016, 18:48 PM IST
FinMin raises monetary limit for filing appeals in tax cases
Seeking to reduce tax litigation by about 50 percent, the Finance Ministry today raised the monetary limit for filing appeals to Rs 10 lakh in appellate tribunal, and Rs 20 lakh in High Courts.
Dec 15, 2015, 23:28 PM IST
Industry body suggests e-hearing for tax assessment cases
To make it convenient for taxpayers, an industry body has suggested 'e-hearing' to deal with tax disputes rather than insisting on physical appearance before assessment officers for trivial issues.
Jan 11, 2015, 15:14 PM IST
