The Hindu Explains | How is the Indian government planning to respond to the Cairn tax ruling?
3 years, 9 months ago

The Hindu Explains | How is the Indian government planning to respond to the Cairn tax ruling?

The Hindu  

The story so far: In December 2020, a three-member tribunal at the Permanent Court of Arbitration in the Netherlands ruled against India in its long-running tax dispute with the U.K.-based oil and gas company Cairn Energy Plc and a subsidiary, Cairn UK Holdings Ltd. The dispute started in early 2014 when Indian tax authorities started questioning Cairn Energy requesting information on the group’s reorganisation in the financial year 2006-07. But the tax authorities claimed that in the process of this reorganisation, Cairn Energy had made capital gains worth ₹24,500 crore. The tribunal said India “failed to accord Cairn Energy’s investments fair and equitable treatment” under the bilateral protection pact it had with the United Kingdom.

History of this topic

India refunds Rs 7,900 cr to Cairn to settle retro tax dispute
2 years, 10 months ago
Taxing drama: The Hindu Editorial on retroactive tax disputes
2 years, 10 months ago
Cairn ‘fulfils’ retro tax repeal steps, awaits ₹7,900 crore refund
2 years, 10 months ago
India’s poor compliance with investment awards
2 years, 11 months ago
New York court pauses tax suit to allow Cairn to settle dispute with India
3 years, 2 months ago
The Morning Show, Ep 3: Troubled carmakers, retro tax headway, & T+1 cycle
3 years, 3 months ago
Cairn Energy plans £500m shareholder bonanza from Indian government tax dispute
3 years, 3 months ago
Explained | Why is retrospective tax being scrapped?
3 years, 4 months ago
Scrapping Retrospective Tax a Welcome Move, But Why Did It Come So Late?
3 years, 4 months ago
Centre introduces Bill in Lok Sabha to withdraw retrospective tax demands on Cairn, Vodafone
3 years, 4 months ago
Centre moves to redact retrospective tax law
3 years, 4 months ago
Arbitration Troubles For India
3 years, 5 months ago
Cairn tax dispute brings shortcomings in India's economic policy to the fore
3 years, 5 months ago
Cairn versus India: What lies ahead
3 years, 5 months ago
Cairn Energy freezes 20 Indian govt assets in Paris after court order: Report
3 years, 5 months ago
Cairn Energy dispute | Vigorously defending case against arbitration order, says govt.
3 years, 7 months ago
Why Cairn Energy's move to attach Air India's assets in $1.2 billion tax case has the Centre in a fix
3 years, 7 months ago
Cairn identifies $70 billion Indian assets for seizing to recover amount due from govt
3 years, 7 months ago
Cairn Energy Sues Air India to Enforce $1.2 Billion Arbitration Award
3 years, 7 months ago
India asks state-run banks to withdraw cash held abroad over Cairn dispute: Report
3 years, 7 months ago
India filing appeal against Cairn arbitration award, say sources
3 years, 9 months ago
India will file appeal in Cairn arbitration case
3 years, 9 months ago
Cairn files case in U.S. to push India to pay $1.2 bn award
3 years, 10 months ago
Voda Tax Case: India Files Application in Singapore High Court Against Arbitration Panel Verdict
3 years, 10 months ago
Cairn Energy threatens to seize Indian assets abroad in tax case
3 years, 10 months ago
Hague court cites statements by Modi, Jaitley to overturn Rs 10k crore tax demand from Cairn
3 years, 11 months ago
In Cairn Judgement Against India, Hague Court Cites PM Modi's Statement Pledging Not to Use Retrospective Tax
3 years, 11 months ago
Setback For Government As Cairn Energy Wins Arbitration Ruling In High-Profile Tax Dispute - What Is The Case?
4 years ago
Cairn Energy wins tax arbitration against India: What the case is all about
4 years ago
Cairn Energy Wins Investment Treaty Arbitration Against India Over Tax Dispute: Report
4 years ago
Setback for India as govt loses retrospective tax dispute case against energy giant Cairn
4 years ago
Vodafone wins arbitration against India over Rs 20,000 cr retrospective tax dispute
4 years, 2 months ago

Discover Related