Terms of the agreement are currently being discussed, and there is no certainty the sale will proceed...

Centre has promised to refund any tax collected using such law but without any interest and subject to companies agreeing to withdraw all pending legal proceedings...

Last week, the Centre allowed telcos such as Voda Idea to defer past payments for a period of four years...

CEO Simon Thomson said the Edinburgh-based oil explorer was prepared to end the litigation against the Government of India involving the retrospective tax dispute...

Sources said the department of telecommunications is working out the package and will hold discussions with the finance ministry before it is finalised...

That rule had been used to levy a cumulative of Rs 1.10 lakh crore of taxes on 17 entities, including Rs 10,247 crore on Cairn and Rs 22,100 crore on Vodafone...

The move is aimed at ending tax disputes with Vodafone, Cairn Energy and over a dozen other companies...

Finance secretary T. V. Somanathan said Rs 8,100 crore was collected using the retrospective tax legislation...

The retrospective element of the tax amendment has been scrapped but the principle of taxing indirect capital transfers has not...

'There are some informal discussions going on,' revenue secretary Tarun Bajaj said in an interview with Bloomberg Television...