Page 2 - Cairn

Income-tax dept sells Cairn Energy shares in Vedanta for $216 million

The company said it has "been notified by the Indian income tax department that it has sold part of Cairn's shareholding" in Vedanta

Rs 10,247-cr retro tax: Cairn set up maze of arms to transfer Indian assets

Scotland-based Cairn Energy Indian assets till 2006 held

Energy giant Cairn faces Rs 10,000-crore tax pain

New I-T notice also raises an interest demand of around Rs 1,400 crore

Cairn moves London tribunal for stay on tax

Govt in its submission has stated tribunal doesn't have jurisdiction over its tax recovery powers

Cairn and partners to invest Rs 3,240 crore in Ravva Field

Ravva field located in the shallow offshore area of Krishna Godavari Basin

Cairn dispute: Centre says tax rows can't be settled in global arbitration

India has stuck to its position that non-compliance with tax laws is not covered under international treaties, in its recent response to UK-based energy giant Cairn's arguments in an international arbitration.Besides, the government has argued, the tax department in its demand on Cairn had enforced the law as applicable on that date. The controversial retrospective amendments to the Income Tax (I-T) Act, it says, were only clarificatory in nature. Cairn Plc had initiated arbitration in 2015 at The Hague in Netherlands against India under our bilateral investment promotion and protection treaty with the UK government. This was on the Rs 28,000-odd crore tax demand (including interest) raised by Delhi over non-payment of capital gains tax on a transfer of assets within the group."We have taken a stand that an international tribunal is not the jurisdiction for tax matters, since non-compliance is not covered under international treaties," said a government official.India has also raised .

I-T to appeal against Rs 19k-cr relief to Cairn

To consider imposing a penalty in the range of 100-300%

Fear of retro returns? Tribunal upholds Rs 10,000-crore tax demand on Cairn

An international arbitration proceeding between Cairn and the government might continue

Delhi HC gives centre two months to decide on extending Cairn's Barmer PSC

Cairn holds a 70% stake in the Rajasthan block, while ONGC owns the remaining 30%

Cairn India has indemnity from Cairn Energy on Rs 20,000 tax

In Feb this year, IT dept issued a final assessment order seeking over Rs 29,000 crore in tax from Cairn Energy including Rs 18,800 crore in interest