Tax Dispute

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 Energy has entered into certain undertakings with the Government, which would allow for tax refunds under a long-running billion dollar dispute

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 the Indian government on the long drawn dispute.

The Finance Ministry has given time till September 30, 2021 to taxpayers for filing applications before the Interim Board of Settlement.

Britain's Cairn Energy pledged to return up to $700 million to shareholders through a special dividend and a share buyback this year.

Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.

The scheme provides for settlement of disputed tax, disputed interests, disputed penalty or disputed fees.

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.

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.

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.

Cairn Energy Arbitration: Centre has said it has not received any formal proposal from British oil major to resolve the tax dispute.

Russia plans to set up a special economic zone with no customs and a reduced set of taxes on a disputed chain of islands near Japan, Prime Minister Mikhail Mishustin was quoted as saying on Monday by Russia's RIA and Interfax news agencies.

Cloudtail — the online retailing joint venture of Infosys co-founder N. R. Narayana Murthy's firm and Amazon — faced a GBP 5.5 million (roughly Rs. 56.83 crores) demand, including interest and penalties, from tax authorities after it paid "meagre" taxes over the past four years, a media report said.

Cloudtail India Pvt Ltd - the online retailing joint venture of Infosys co-founder NR Narayana Murthy's firm and Amazon.com - faced a 5.5 million pounds demand from tax authorities after it paid "meagre" taxes over the past four years, a media report

The US government announced Wednesday it is suspending for six months any punitive tariffs on Britain, India and four European nations while it works to resolve a dispute over digital services taxes.

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 Energy has entered into certain undertakings with the Government, which would allow for tax refunds under a long-running billion dollar dispute

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 the Indian government on the long drawn dispute.

The Finance Ministry has given time till September 30, 2021 to taxpayers for filing applications before the Interim Board of Settlement.

Britain's Cairn Energy pledged to return up to $700 million to shareholders through a special dividend and a share buyback this year.

Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.

The scheme provides for settlement of disputed tax, disputed interests, disputed penalty or disputed fees.

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.

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.

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.

Cairn Energy Arbitration: Centre has said it has not received any formal proposal from British oil major to resolve the tax dispute.

Russia plans to set up a special economic zone with no customs and a reduced set of taxes on a disputed chain of islands near Japan, Prime Minister Mikhail Mishustin was quoted as saying on Monday by Russia's RIA and Interfax news agencies.

Cloudtail — the online retailing joint venture of Infosys co-founder N. R. Narayana Murthy's firm and Amazon — faced a GBP 5.5 million (roughly Rs. 56.83 crores) demand, including interest and penalties, from tax authorities after it paid "meagre" taxes over the past four years, a media report said.

Cloudtail India Pvt Ltd - the online retailing joint venture of Infosys co-founder NR Narayana Murthy's firm and Amazon.com - faced a 5.5 million pounds demand from tax authorities after it paid "meagre" taxes over the past four years, a media report

The US government announced Wednesday it is suspending for six months any punitive tariffs on Britain, India and four European nations while it works to resolve a dispute over digital services taxes.