Cairn Energy
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Government Of India Vs Cairn Energy Standoff. 10 Points About It
The Government of India and British oil major Cairn Energy have had a long face-off. It has its origin in a retrospective tax amendment law, under which the company was asked to pay a tax liability by India. Cairn contested against the demand and this led to an arbitration case.
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Cairn Energy Retrospective Tax Dispute: Taxman Sells $216-Million Vedanta Shares
Cairn Energy said it still holds about 3% in Vedanta Ltd after the sale, while warning that it was possible that the tax department might make further sales.
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Cairn India Chief Executive Elango Quits
Cairn India's interim chief executive P Elango has quit the company, completing the exit of all of the tier-1 management of the firm since it was acquired by mining group Vedanta Resources Plc.
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Government Gets Six More Weeks To Respond To Cairn Energy Arbitration
India has won a six week extension for replying to $5.6 billion claim sought by British oil explorer Cairn Energy plc for being slapped with a Rs 29,047 crore retrospective tax demand.
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Taxman To Attach Shares If Cairn Doesn't Pay Rs 10,395 Crore Tax: Report
The tax department had in an unprecedented move last month appropriated Rs 1,500 crore of tax refund due to Cairn Energy and another Rs 666 crore of dividend income due to it for three years from its erstwhile subsidiary Cairn India to recover the Rs 10,247 crore of tax plus interest.
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India Asked To Pay $5.6 Billion By Oil Explorer Cairn In Retroactive Tax Case
Cairn Energy has sought $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.
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Cairn-Vedanta Merger: LIC Says Still Not On Board
Financial powerhouse and the largest domestic investor LIC on Tuedsay denied having given its nod to the long-pending merger of Cairn India with the parent Vedanta Resources.
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Cairn Created Maze Of Subsidiaries, Taxed Rs 10,247 Crore
According to documents accessed by PTI, Scotland-based Cairn Energy till 2006 held Indian assets, including the prolific Rajasthan oil fields, through nine Indian subsidiaries.
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Taxman Seeks Rs 30,000 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.
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Cairn Energy Seeks Repeal Of Retrospective Tax Law In Upcoming Budget
In January 2014, Cairn was slapped with a Rs 10,247-crore assessment notice on alleged capital gains it made on a 2006 internal reorganisation of India business.
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Government, Cairn Energy Reach Consensus To Settle Tax Dispute
Cairn Energy has entered into certain undertakings with the Government, which would allow for tax refunds under a long-running billion dollar dispute
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Cairn Energy To Change Name To "Capricorn Energy"
Cairn Energy PLC will change its name to Capricorn Energy PLC, with effect from December 13, 2021, according to a regulatory filing to the London Stock Exchange
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Government To Refund Rs 7,900 Crore Retro Tax To Cairn, Firm To Withdraw Cases
About Rs 8,100 crore collected from companies under the scrapped tax provision are to be refunded if the firms agreed to drop outstanding litigation, including claims for interest and penalties.
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Cairn Drops Lawsuits In US, UK Against Government On Retrospective Tax Issue
Britain's Cairn Energy Plc has dropped lawsuits against the government and its entities in the US and other places
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Oil Ministry Sets Up Panel on Delays in ONGC Gas Discovery
The Petroleum Ministry has set up a committee headed by the Directorate General of Hydrocarbons (DGH) to inquire into the reasons for delay in developing gas discoveries in ONGC's Krishna Godavari basin KG-D5 block.
-
Government Of India Vs Cairn Energy Standoff. 10 Points About It
The Government of India and British oil major Cairn Energy have had a long face-off. It has its origin in a retrospective tax amendment law, under which the company was asked to pay a tax liability by India. Cairn contested against the demand and this led to an arbitration case.
-
Cairn Energy Retrospective Tax Dispute: Taxman Sells $216-Million Vedanta Shares
Cairn Energy said it still holds about 3% in Vedanta Ltd after the sale, while warning that it was possible that the tax department might make further sales.
-
Cairn India Chief Executive Elango Quits
Cairn India's interim chief executive P Elango has quit the company, completing the exit of all of the tier-1 management of the firm since it was acquired by mining group Vedanta Resources Plc.
-
Government Gets Six More Weeks To Respond To Cairn Energy Arbitration
India has won a six week extension for replying to $5.6 billion claim sought by British oil explorer Cairn Energy plc for being slapped with a Rs 29,047 crore retrospective tax demand.
-
Taxman To Attach Shares If Cairn Doesn't Pay Rs 10,395 Crore Tax: Report
The tax department had in an unprecedented move last month appropriated Rs 1,500 crore of tax refund due to Cairn Energy and another Rs 666 crore of dividend income due to it for three years from its erstwhile subsidiary Cairn India to recover the Rs 10,247 crore of tax plus interest.
-
India Asked To Pay $5.6 Billion By Oil Explorer Cairn In Retroactive Tax Case
Cairn Energy has sought $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.
-
Cairn-Vedanta Merger: LIC Says Still Not On Board
Financial powerhouse and the largest domestic investor LIC on Tuedsay denied having given its nod to the long-pending merger of Cairn India with the parent Vedanta Resources.
-
Cairn Created Maze Of Subsidiaries, Taxed Rs 10,247 Crore
According to documents accessed by PTI, Scotland-based Cairn Energy till 2006 held Indian assets, including the prolific Rajasthan oil fields, through nine Indian subsidiaries.
-
Taxman Seeks Rs 30,000 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.
-
Cairn Energy Seeks Repeal Of Retrospective Tax Law In Upcoming Budget
In January 2014, Cairn was slapped with a Rs 10,247-crore assessment notice on alleged capital gains it made on a 2006 internal reorganisation of India business.
-
Government, Cairn Energy Reach Consensus To Settle Tax Dispute
Cairn Energy has entered into certain undertakings with the Government, which would allow for tax refunds under a long-running billion dollar dispute
-
Cairn Energy To Change Name To "Capricorn Energy"
Cairn Energy PLC will change its name to Capricorn Energy PLC, with effect from December 13, 2021, according to a regulatory filing to the London Stock Exchange
-
Government To Refund Rs 7,900 Crore Retro Tax To Cairn, Firm To Withdraw Cases
About Rs 8,100 crore collected from companies under the scrapped tax provision are to be refunded if the firms agreed to drop outstanding litigation, including claims for interest and penalties.
-
Cairn Drops Lawsuits In US, UK Against Government On Retrospective Tax Issue
Britain's Cairn Energy Plc has dropped lawsuits against the government and its entities in the US and other places
-
Oil Ministry Sets Up Panel on Delays in ONGC Gas Discovery
The Petroleum Ministry has set up a committee headed by the Directorate General of Hydrocarbons (DGH) to inquire into the reasons for delay in developing gas discoveries in ONGC's Krishna Godavari basin KG-D5 block.
