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.
Jun 19, 2017, 13:16 PM IST
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.
Mar 08, 2017, 15:31 PM IST
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.
Aug 25, 2016, 16:54 PM IST
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
Apr 03, 2016, 17:50 PM IST
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
Mar 16, 2016, 18:23 PM IST
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.
Feb 23, 2015, 15:26 PM IST
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.
Aug 19, 2014, 17:45 PM IST
