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CAIRN PENALTY
ED searches against Vedanta Group in FEMA caseVedanta Group FEMA Case: The Enforcement Directorate is searching Vedanta Group properties in Delhi and Mumbai. This action is part of an i...- Govt accepts Cairn's offer on retro tax; company to withdraw cases now, refund to followThe government has issued Cairn a so-called Form-II, committing to refund the tax collected to enforce the retrospective tax demand, two so...
- New York court pauses tax suit to allow Cairn to settle dispute with IndiaThe New York district court delayed the tax suit to November 18, according to court documents reviewed by PTI. This follows Cairn Energy an...
- Cairn Energy, Air India seek stay on New York court proceedingsCairn and Air India in a joint request to US District Judge Paul Gardephe on September 13 stated that a stay on proceedings would give them...
- Cairn accepts $1 billion refund offer, to drop cases against India within days, says CEOThe offer to return money seized to enforce retrospective tax demand in lieu of dropping all litigations against the government "is accepta...
- Retro tax: Cairn Energy executives to meet finance ministry officials soonSenior Cairn Energy executives are expected to meet finance ministry officials this week to discuss their tax dispute, days after Parliamen...
- $1.2 bn arbitration award: Govt says no formal proposal from Cairn to settle disputeWith New Delhi refusing to pay and instead challenged the award before a court in The Netherlands, Cairn has got the order registered in se...
- Cairn arbitration: Govt confirms French court order against Indian assetsMinister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha said the government has filed an appeal ...
- Cairn Energy secures French court order to seize 20 Indian govt propertiesBritain's Cairn Energy Plc has secured a French court order to seize about 20 Indian government properties in France to recover a part of U...
- After Air India, Cairn to target more state cos to recover money due from govtLast month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by...
- Cairn Energy acts to enforce award against India’s overseas assetsIn December, an arbitration tribunal ruled in favour of Cairn Energy in a six-year-old retrospective tax dispute and ordered the Indian gov...
- Cairn Energy's legal cost for fighting retro tax demand nearly triplesCairn Energy has said that its legal cost in an arbitration against the Indian government has tripled in 2018.
- Cairn holding in Vedanta falls to 0.1% after tax dept sells 99% sharesThe Income Tax Department has also seized Rs 1,140 crore of dividend due to the British company as well as Rs 1,590 crore of tax refund in ...
- Final hearing in Cairn Energy tax issue in AugustCairn had initiated an international arbitration after government in 2014 demanded Rs 10,247 crore on a decade old internal reorganisation ...
- Cairn moves court against ITAT order on capital gains tax demandCairn in its plea has challenged the Income Tax Appellate Tribunal's March 9 order by which the UK-based company was held liable to pay Rs ...
- Income tax department to challenge ITAT relief to Cairn Energy in HCThe I-T department is also seeking up to 300 per cent of the principal as penalty for non-payment.
- I-T seeks Rs 30,700-crore penalty from Cairn for non-payment of taxCairn failed to pay Rs 10,247 cr capital gains tax on time. The Income Tax Act provides for penalties of 100 per cent to 300 per cent of th...
- Cairn faces Rs 10,247-crore fine on top of Rs 29k crore tax demandCairn Energy Plc faces up to Rs 10,247-crore penalty over and above the Rs 29,000 crore in tax and interest demand slapped on it by the I-T...
- Budget 2016: FM Arun Jaitley's efforts to settle retrospective tax demands may not succeedJaitley's proposal to enable corporate taxpayers to settle demands arising out of retrospective amendments may not cut much ice.
- Budget 2016: Hope companies take advantage of dispute resolution scheme, says Revenue Secretary Hasmukh AdhiaGovernment is hopeful of companies taking advantage of the dispute resolution scheme to resolve cases emanating from retrospective amendmen...
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