Cairn says completed all steps of retro tax repeal law, entitled to Rs 7,900 cr tax refundThe company on November 26, 2021, initiated proceedings to withdraw lawsuits it had filed in several jurisdictions to enforce an internatio...
25 Jan, 2022, 04.43 PM IST
From scrapping retro tax law to record GST mop-up, 2021 a year of many firsts for revenue departmentWith tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country a...
23 Dec, 2021, 10.48 AM IST
Vedanta gains 1.5% after withdrawing cases against govt to settle retro tax disputeIn a statement on Monday, the company said that it and all group entities had withdrawn cases over retrospective tax demands from the reven...
14 Dec, 2021, 01.06 PM IST
Vodafone confirms filing for retro tax dispute settlement with IndiaVodafone's tussle began when it acquired a controlling stake in Hutchison Essar in 2007 in a $11.2 billion deal executed overseas. The tax ...
04 Dec, 2021, 04.25 PM IST
Vodafone Group says has applied to settle retro tax dispute with Indian Govt"We can confirm we have filed an application. We have always been confident that no tax liability arose in respect of our acquisition of th...
03 Dec, 2021, 04.50 PM IST
New rules for Vodafone retrospective tax settlement notifiedVodafone’s tax demand in the tax dispute was validated under section 119, as distinct from the others and therefore a separate set of rules...
14 Oct, 2021, 06.59 PM IST
Separate rules soon for Vodafone retrospective tax settlementVodafone will have 45 days from the date of notification of these rules to approach the government for settlement. "Rules would be notified...
12 Oct, 2021, 10.49 AM IST
The tipping point: What spurred India's reversal of retro taxThe Lok Sabha has passed the Taxation Laws (Amendment) Bill, which proposes to scrap the retrospective application of the 2012 amendment to...
24 Aug, 2021, 01.22 PM IST
Suits & Sayings: Retro tax burial raises ‘goodwill’ accounting hopes; Welspun Goenkas set for Alibaug wedding; new SUV logo kicks up a ‘copy’ stormThe Goenka family is over the moon we hear as Vanshika is tying the knot.
23 Aug, 2021, 01.07 PM IST
FM Nirmala Sitharaman says rules on retro tax to be framed soonNow the rules for the same have to be framed, which Sitharaman said will be done soon. The finance minister said her ministry officials are...
16 Aug, 2021, 08.27 PM IST
Lok Sabha passes tax amendment bill, will help settle disputes with Cairn, VodafoneScrapping of retro tax clause of Finance Act 2012 will now settle the long-drawn litigation with Vodafone Group and Cairn Energy omitting a...
06 Aug, 2021, 01.03 PM IST
Govt hopes to start on clean slate after retro tax changesTop government sources told TOI that the amendments moved by finance minister Nirmala Sitharaman on Thursday has sought to link the end of ...
06 Aug, 2021, 10.55 AM IST
India files appeal against Cairn arbitration awardThe appeal against a three-member tribunal at the Permanent Court of Arbitration at The Hague invalidating India's Rs 10,247 crore tax clai...
23 Mar, 2021, 11.27 PM IST
Investments by some FPIs may attract retro taxOnly transactions made by Category II FPIs till Sept 23, 2019 exempt from new law.
10 Feb, 2020, 07.23 AM IST
Cairn says it took $500 mn hit due to retro tax in IndiaThe company said it is seeking full restitution for losses totalling over $1.4 billion (about Rs 102,00 crore ) resulting from India’s expr...
11 Sep, 2018, 11.26 PM IST
I-T department clarifies, retro tax ghost won’t haunt foreign portfolio investorsFinance Minister had promised in his first Budget speech last year that no fresh action would be initiated for any transaction prior to 201...
27 Dec, 2016, 01.26 AM IST
Companies must drop retro tax cases to avail settlement scheme: CBDTThe govt, in Budget 2016-17, had announced a scheme to settle retrospective tax disputes by waiving interest and penalty if the cos paid up...
25 Dec, 2016, 02.05 PM IST