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Vodafone, Cairn May Drop Tribunal Cases, Says Top Government Officer
India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.
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Bill To End Retrospective Tax Passed Amid Opposition Walkout In Parliament
The Parliament on Monday passed a bill that seeks to do away with the contentious retrospective tax provision and will impact retro tax cases of Cairn Energy and Vodafone.
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Explained: Chronology Of India's Huge U-Turn On Retrospective Tax
The Indian government on Thursday proposed to refund companies in disputes over retrospective tax, including telecoms operator Vodafone and energy giant Cairn, after a string of setbacks in international litigation.
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Retro Tax Axed To Settle Disputes Worth Billions: 10 Facts
In a huge move to settle international disputes running into billions of dollars, the government on Thursday said it will change tax laws to do away with demands for past payments. Companies like Cairn Energy will get refunds, the government said.
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'Not Got Order From Any French Court': India On Cairn 'Seizing' 20 Assets
Cairn Energy says a French court has accepted its petition for a freeze on some Indian government properties in Paris as part of its attempts to recover a $1.2 billion arbitration award it won last year.
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French Court Lets Cairn Energy Seize 20 Indian Government Assets: Report
In a setback to India, Britain's Cairn Energy secured a French court order to seize 20 government properties in Paris to recover a part of the USD 1.7 billion due from New Delhi following an arbitration panel overturning levy of retrospective taxes.
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Cairn Begins Process To Seize Indian Overseas Assets To Recover $1.7 Billion
UK's Cairn Energy Plc has brought a lawsuit in the US to pierce the corporate veil between the Indian government and its owned flag carrier Air India so as to seize its overseas assets to recover USD 1.7 billion it has been awarded by an internationa
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Cairn Energy Sues Air India For $1.2 Billion Arbitration Award: Report
Cairn Energy has sued India's flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters.
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India Files Appeal In $1.2 Billion Cairn Arbitration Case: Report
India has appealed against an order by an international tribunal to pay $1.2 billion in damages, plus other costs, to Cairn Energy in a long-running tax dispute, two sources with direct knowledge of the matter told Reuters.
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The Retro Tax Was Bad, India. Don't Make It Worse
Back when global investors still believed Prime Minister Narendra Modi would keep his promise to end the previous regime's "tax terror," his newly elected government made a costly error. In March 2015, someone in India's labyrinthine bureaucracy decided to send a revenue demand to U.K.'s Cairn Energy Plc - ruining Chief Executive Officer Simon Thom...
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In Cairn Dispute, Tax Department Orders Recovery Of 10,000 Crores: Report
The tax department will now move to take over the 9.8 per cent shareholding Cairn Energy had in Cairn India, sources told PTI.
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Income Tax Department Seeks Rs 30,000 Crore Penalty From Cairn For Non-Payment Of Tax
The Income Tax Department has slapped a fresh notice on British firm Cairn Energy, seeking up to Rs 30,700 crore in penalties for its alleged failure to pay Rs 10,247 crore capital gains tax on time.
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India Will State Its Stand Before Relevant Authority: Jaitley On Cairn Energy Tax Dispute
The Indian government will "state its position" in the Cairn Energy tax dispute before the relevant legal authority, Finance Minister Arun Jaitley said in London on Tuesday after the British firm announced that it will seek over USD 1 billion in damages from India.
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Water ATMs Bring Smiles to Faces of Rajasthan Villagers
An Indian energy major and modern technology have combined to bring about a revolution in two districts of Rajasthan that were infamous due to the scarcity of potable water.
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Vodafone, Cairn May Drop Tribunal Cases, Says Top Government Officer
India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.
-
Bill To End Retrospective Tax Passed Amid Opposition Walkout In Parliament
The Parliament on Monday passed a bill that seeks to do away with the contentious retrospective tax provision and will impact retro tax cases of Cairn Energy and Vodafone.
-
Explained: Chronology Of India's Huge U-Turn On Retrospective Tax
The Indian government on Thursday proposed to refund companies in disputes over retrospective tax, including telecoms operator Vodafone and energy giant Cairn, after a string of setbacks in international litigation.
-
Retro Tax Axed To Settle Disputes Worth Billions: 10 Facts
In a huge move to settle international disputes running into billions of dollars, the government on Thursday said it will change tax laws to do away with demands for past payments. Companies like Cairn Energy will get refunds, the government said.
-
'Not Got Order From Any French Court': India On Cairn 'Seizing' 20 Assets
Cairn Energy says a French court has accepted its petition for a freeze on some Indian government properties in Paris as part of its attempts to recover a $1.2 billion arbitration award it won last year.
-
French Court Lets Cairn Energy Seize 20 Indian Government Assets: Report
In a setback to India, Britain's Cairn Energy secured a French court order to seize 20 government properties in Paris to recover a part of the USD 1.7 billion due from New Delhi following an arbitration panel overturning levy of retrospective taxes.
-
Cairn Begins Process To Seize Indian Overseas Assets To Recover $1.7 Billion
UK's Cairn Energy Plc has brought a lawsuit in the US to pierce the corporate veil between the Indian government and its owned flag carrier Air India so as to seize its overseas assets to recover USD 1.7 billion it has been awarded by an internationa
-
Cairn Energy Sues Air India For $1.2 Billion Arbitration Award: Report
Cairn Energy has sued India's flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters.
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India Files Appeal In $1.2 Billion Cairn Arbitration Case: Report
India has appealed against an order by an international tribunal to pay $1.2 billion in damages, plus other costs, to Cairn Energy in a long-running tax dispute, two sources with direct knowledge of the matter told Reuters.
-
The Retro Tax Was Bad, India. Don't Make It Worse
Back when global investors still believed Prime Minister Narendra Modi would keep his promise to end the previous regime's "tax terror," his newly elected government made a costly error. In March 2015, someone in India's labyrinthine bureaucracy decided to send a revenue demand to U.K.'s Cairn Energy Plc - ruining Chief Executive Officer Simon Thom...
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In Cairn Dispute, Tax Department Orders Recovery Of 10,000 Crores: Report
The tax department will now move to take over the 9.8 per cent shareholding Cairn Energy had in Cairn India, sources told PTI.
-
Income Tax Department Seeks Rs 30,000 Crore Penalty From Cairn For Non-Payment Of Tax
The Income Tax Department has slapped a fresh notice on British firm Cairn Energy, seeking up to Rs 30,700 crore in penalties for its alleged failure to pay Rs 10,247 crore capital gains tax on time.
-
India Will State Its Stand Before Relevant Authority: Jaitley On Cairn Energy Tax Dispute
The Indian government will "state its position" in the Cairn Energy tax dispute before the relevant legal authority, Finance Minister Arun Jaitley said in London on Tuesday after the British firm announced that it will seek over USD 1 billion in damages from India.
-
Water ATMs Bring Smiles to Faces of Rajasthan Villagers
An Indian energy major and modern technology have combined to bring about a revolution in two districts of Rajasthan that were infamous due to the scarcity of potable water.
