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RETRO TAX LITIGATION
Cairn Energy to change name to Capricorn EnergyCairn Energy, which gave India its biggest on land oil discovery, had in 2011 sold the India unit, Cairn India to mining baron Anil Agarwal...05 Nov, 2021, 04.05 PM IST- Ice-cream parlours facing a meltdown over 18% GST levyThe plea stems from the fear of getting notices asking them to pay the higher levy retrospectively from July 1, 2017 — when India moved to ...27 Oct, 2021, 09.37 AM IST
- Biden admin, US companies welcomed economic reforms by India: Finance Minister Nirmala SitharamanThe discussions touched on key areas of economic recovery from the pandemic to macro economic outlook; cooperation on global economic matte...16 Oct, 2021, 12.07 PM IST
- 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...07 Sep, 2021, 04.32 PM IST
- Retro tax: Government issues draft rules for litigation settlementThis would be in addition to their own undertaking to withdraw any pending litigation or proceeding before any forum and assurance that the...01 Sep, 2021, 07.47 PM IST
- 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...28 Aug, 2021, 07.01 PM IST
- Retro tax: Tata Group, Sanofi Aventis among five firms looking to end litigation, arbitration with CentreA clutch of large companies, including Sanofi Aventis, Mitsui & Co, WNS, Genpact and the Tata Group, are looking to settle lawsuits or arbi...14 Aug, 2021, 06.33 AM 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
- Retro Tax Amendments will end legacy cases, bring tax certainty: Revenue Secretary Tarun BajajRevenue Secretary Tarun Bajaj spoke to ET Now and said the amendments will put to an end to some of the legacy issues and tell investors th...06 Aug, 2021, 12.36 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 to axe retro clause in 2012 tax law, paves way for settling litigation with Vodafone and CairnThe bill proposes to withdraw all back tax demands levied under the law, allows the government to refund tax collected and settle cases if ...06 Aug, 2021, 06.14 AM IST
- Vodafone retro tax case: All you need to knowIn 2012, Indian govt amended the Income Tax Act retrospectively.25 Dec, 2020, 09.02 AM IST
- 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 ...30 Dec, 2016, 03.21 PM IST
- 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...02 Mar, 2016, 06.16 AM IST
- 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...10 Jul, 2014, 04.09 PM IST
- We need to prepare more than annual budgets and make taxation transparentNew government must intensify efforts to make the budgetary mechanism more transparent and not merely focus on rationalisation and simplifi...20 May, 2014, 04.00 AM IST
- Tax authorities miffed at Shome Panel's reportsThe tax authorities are likely to oppose most of the conclusions of two panels, both headed by tax expert Parthasarathi Shome.24 Oct, 2012, 05.00 AM IST
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