In a major boost to Cairn Energy, courts in five countries, including the US and the UK, have given recognition to an arbitration award that asked India to return $1.4 billion.
British oil major Cairn Energy has added another $249 million (approx Rs 1,600 crore) to the compensation it is claiming from India after the authorities here set off a tax refund due to it to settle part of a retrospective tax demand
Income Tax Appellate Tribunal has upheld a levy of Rs 10,247 crore capital gains tax on British oil and gas major Cairn Energy Plc.
New York/London: The arrest of two senior executives of HSBC in the alleged $3.5-billion or Rs 23,450 crore forex trading fraud case has found an Indian link. Two executives have been accused of doing
in a statement of claim filed with an international arbitration panel, has sought $5.6 billion (around Rs 37,500 crore) in compensation from the Indian government for raising a retrospective tax demand of Rs 29,047 crore
Close on the heels of Vodafone being served a notice by the Income Tax department over tax dues that the company considers disputed comes another notice – this time to UK-based power major Cairn Energy.
As the government faces yet another arbitration over tax disputes, Telecom Minister Ravi Shankar Prasad today said the Vodafone tax issue could have been handled differently but emphasised that the whole taxing scenario in India
New Delhi: After Vodafone, Oil explorer Cairn Energy has now avoided India's tax jurisdiction, invoking the India-UK bilateral investment protection treaty.According to Financial Express, Cairn Energy has filed a formal dispute under the treaty, necessitating
London: Scottish oil and gas explorer, Cairn Energy plc has sacked nearly 40% of its employees as it faces capital constraints on not being able to sell $1 billion worth of stake, following a tax
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