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RETRO TAX DISPUTE
India refunds Rs 7,900 cr to Cairn to settle retro tax disputeCairn, which is now known as Capricorn Energy Plc, in a statement said the tax refund has been paid and "net proceeds of USD 1.06 billion h...- Most retro tax disputes will be closed by month end: Revenue secretaryThe two main affected companies Cairn and Vodafone have dropped all legal proceedings seeking to enforce the arbitration award against Indi...
- 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against govt to settle retro tax disputeIn a statement on Monday, the company said that it and all group entities had withdrawn cases over retrospective tax demands from the reven...
- Vedanta withdraws all petitions against tax dept to settle retrospective tax demandThe revenue department had raised a tax demand on Cairn UK Holdings for alleged capital gains it made in a 2006 business reorganisation of ...
- Vedanta withdraws cases against government to settle retro tax disputePost slapping of a Rs 10,247 crore tax demand on UK's Cairn Energy Plc for alleged capital gains made on a 2016 internal reorganisation of ...
- 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 ...
- 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...
- Cairn gives in writing to indemnify govt, withdraw cases to get Rs 7,900 crore tax refundMeeting the requirements of new legislation that scraps levy of retrospective taxation, the company has given required undertakings indemni...
- 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...
- 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...
- Retro tax settlement: Government may issue rules this weekThe rules offer up to 45 days from the date of final notification for litigants to provide an undertaking for settlement, and up to 15 days...
- Cairn expects $1.06 billion in refund from India, plans to return $700 million to shareholdersCairn Energy expects a “near-term” resolution on retrospective tax issue with India and a refund of ₹7,900 crore ($1.06 billion), the compa...
- Government releases draft of declaration to be given by companies to enable withdrawal of retro tax demandsCairn was levied tax for a 2006 internal reorganisation of India business before listing while Vodafone was charged for not withholding tax...
- Cairn has to respond to India's arbitration award plea in US court by October 20Cairn had approached the District of Columbia court in February to confirm the arbitration award it had won against India in a retrospectiv...
- Indian government asks a US court to dismiss Cairn Energy's plea on $1.2 billion award, cites 'sovereign immunity'
- India asks US court to reject Cairn's $1.2 billion suitCairn had in May asked a US federal court to force Air India to pay a USD 1.26 billion arbitration award the firm had won in December.
- Tax dispute scheme gets tepid response, garners Rs 1,200 croreThe scheme provided for waiver of interest and penalty for retro tax cases only if the company in question withdraws all appeals against th...
- CBDT extends deadline for tax settlement scheme till January 31The offer to settle the disputes was to end on December 31, but it has now been extended till January 31, said the Central Board of Direct ...
- Budget 2016: Noise over the rich being taxed more is misplaced, says Hasmukh AdhiaHasmukh Adhia said that it is up to the companies facing tax demand under earlier retroactive changes to accept the government’s offer or f...
- Budget 2014: Move to handle Retro tax amendment with caution a good one, says Rahul Garg of PwC IndiaThe announcement that the government will not introduce any retro amendment and mechanism to issue clarification on grey areas will certain...
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