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Cairn tax dispute

19 Jun 2017

Cairn tax dispute: I-T dept orders recovery of Rs 10,000 crore

The Income Tax Department has ordered coercive action against Cairn Energy Plc to recover Rs 10,247 crore of retrospective tax after the British oil firm lost a challenge to the move before an international arbitration panel.

Income Tax department

08 Mar 2017

I-T dept lifts freeze on Cairn dividend payout, stake bar stays

The tax department has agreed to lift the freeze on British oil explorer Cairn Energy being paid dividend by its erstwhile subsidiary Cairn India, but it still cannot sell the residual stake pending a tax dispute.

25 Aug 2016

Cairn tax dispute: India has to respond by Nov on $5.6 bn compensation demand, says CEO

India has time till November to respond to Cairn Energy's demand for USD 5.6 billion compensation in the retrospective tax case, said CEO of the British oil firm, Simon Thomson.

03 Apr 2016

Cairn asks govt to walk the talk on retro tax

Weeks after being slapped with a Rs 29,000 crore 'retrospective tax demand', British oil explorer Cairn Energy today said international investors want the Modi government to walk the talk on resolving retrospective tax issues and send a clear signal that things are changing

16 Mar 2016

Recovery process of Rs 29,000-cr tax to continue till Cairn takes settlement: Govt

Close on heels of Income Tax Department slapping a Rs 29,000-crore tax demand notice on Cairn Energy, the government on Wednesday said normal recovery process will continue till the British firm takes one-time settlement offered in the Budget

23 Feb 2015

Cairn Energy lays off 40% staff following India tax dispute

Cairn has laid off 100 employees across the board as a cost cutting measure, company sources said.

Cairn Energy Plc

19 Aug 2014

Cairn says working with new govt to resolve tax dispute

Scottish explorer Cairn Energy plc Tuesday said it is working with the newly elected government to resolve a tax dispute that has stalled sale of its 10 percent stake in Cairn India Ltd.

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