India will file appeal in Cairn arbitration case
3 years, 9 months ago

India will file appeal in Cairn arbitration case

Live Mint  

India will file an appeal in the Cairn arbitration award case relating to the tax dispute concerning the British oil firm, sources said. They said Cairn Energy set up "a tax abusive structure" and did not pay taxes anywhere in the world on the gains that it made in India. However, India is open for a constructive settlement of tax disputes within the existing legal framework, the sources added. Cairn Energy had moved courts in nine countries to enforce its $1.4 billion arbitral award against India, which it won after a dispute with the country's revenue authority over a retroactively applied capital gains tax.

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
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