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Cairn Tax case News

18 Jan 2016

Cairn tax case: Laurent Levy named third arbitration

Geneva-based arbitrator Laurent Levy has been named as the presiding officer of the three-member arbitrator panel to resolve the Rs 10,247-crore tax dispute with British oil firm Cairn Energy plc.

10 Dec 2015

Cairn to seek $700 million compensation from government

British energy firm Cairn Energy has said it will seek about USD 700 million in compensation from the government for the loss of value of its shareholding in Cairn India suffered since their attachment nearly two years ago over a tax dispute.

12 Nov 2015

Cairn tax case: Govt appoints Christopher Thomas as arbitrator

Just before Prime Minister Narendra Modi began his UK visit, the government named a Singapore-based lawyer J Christopher Thomas as its arbitrator for resolving the Rs 10,247 crore tax dispute with London-listed Cairn Energy.

16 Apr 2015

What security can you give on Rs 20K cr tax demand: HC to Cairn

Delhi High Court today asked Cairn India how it would secure the Rs 20,495 crore demand slapped by the Income Tax department for its alleged failure to pay tax on gains made by its former parent company, Cairn Energy Plc, in a share transfer transaction eight years ago.

06 Apr 2015

Cairn India moves Delhi HC against Rs 20,495 crore tax demand

Cairn sought directions to the tax authorities not to take any coercive steps against it for recovery of the demand.

15 Mar 2015

No retro tax but Cairn is legacy issue: Jaitley

Finance Minister Arun Jaitley concluded his two-day visit here with a message to the global investing community that India`s stated position now was not to impose any retrospective tax but that the one slapped on Cairn was a "legacy" issue.

12 Mar 2015

British foreign secretary seeks India assurance after $1.6 billion Cairn tax case

British Foreign Secretary Philip Hammond raised concerns in India on Thursday over a $1.6 billion retrospective tax bill charged to British oil explorer Cairn Energy hours before he arrived in the country seeking to improve business ties.

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