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Retrospective Tax
Business  /  Published 27.12.21

Cairn Energy drops lawsuits

Britain's Cairn Energy Plc has dropped lawsuits against the Indian government and its entities in the US and other places and is in the final stages of withdrawing cases in Paris and the Netherlan...
By PTI in New Delhi

Business  /  Published 14.12.21

Vedanta drops retro tax suits

Billionaire Anil Agarwal’s mining group Vedanta on Monday said it has withdrawn cases in the Delhi high court as well as before an international arbitration tribunal to settle a Rs 20,495 crore ...
By PTI in New Delhi

Business  /  Published 23.11.21

14 firms settle retro tax row

As many as 14 companies against whom retrospective tax demands were raised have approached the government to settle cases, revenue secretary Tarun Bajaj said. The government in August enacted a law t...
By PTI in New Delhi

Business  /  Published 09.11.21

Voda agrees to retro tax terms

Telecom firm Vodafone has informed the finance ministry it will submit an indemnity bond to settle its retrospective taxation case with the government, following a strategy similar to Cairn Energy. V...
By Our Special Correspondent in New Delhi

Business  /  Published 04.11.21

Cairn set to end tax spat

UK-based Cairn Energy plc on Wednesday said it has agreed to drop its lawsuits to seize Indian properties abroad.  Meeting the requirements of a new legislation that scraps the levy of retrospec...
By Our Special Correspondent in New Delhi

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Business  /  Published 04.10.21

Retrospective tax row in mining

The decision to retrospectively raise the GST rates on royalty for mineral exploration and licence fees for mining rights is expected to face  a legal challenge. The GST Council has proposed to ...
By R. Suryamurthy in New Delhi

Business  /  Published 03.10.21

Indemnity sting in retrospective tax rules

The Narendra Modi government has added a sting to the retrospective tax amendment that will make it harder for companies like Cairn Energy to exit from the country without any liabilities. The govern...
By Our Special Correspondent in New Delhi

Business  /  Published 26.09.21

US court stays Cairn lawsuit

 A New York court has paused Cairn Energy's pursuit of US assets of Air India for the recovery of USD 1.2 billion arbitral award, so as to allow the British firm to reach a settlement with th...
By Our Bureau, PTI in New Delhi

Business  /  Published 08.09.21

Cairn accepts one bilion dollar refund offer

Cairn Energy on Tuesday said it has accepted the Modi government’s offer to refund the company Rs 7,900 crore (or $ 1.06 billion) to settle the retrospective tax dispute but did not categoricall...
By Our Special Correspondent in New Delhi

Business  /  Published 07.09.21

Cairn to drop all India cases

UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a USD 1 billion refund resu...
By PTI in New Delhi


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