What security can you give on Rs 20K cr tax demand: HC to Cairn

Last Updated: Thursday, April 16, 2015, 23:45

Delhi High Court today asked Cairn India how it would secure the Rs 20,495 crore demand slapped by the Income Tax department for its alleged failure to pay tax on gains made by its former parent company, Cairn Energy Plc, in a share transfer transaction eight years ago.

Cairn India moves Delhi HC against Rs 20,495 crore tax demand

Last Updated: Monday, April 6, 2015, 20:29

Cairn sought directions to the tax authorities not to take any coercive steps against it for recovery of the demand.

No retro tax but Cairn is legacy issue: Jaitley

Last Updated: Sunday, March 15, 2015, 16:59

Finance Minister Arun Jaitley concluded his two-day visit here with a message to the global investing community that India`s stated position now was not to impose any retrospective tax but that the one slapped on Cairn was a "legacy" issue.

British foreign secretary seeks India assurance after $1.6 billion Cairn tax case

Last Updated: Thursday, March 12, 2015, 20:10

British Foreign Secretary Philip Hammond raised concerns in India on Thursday over a $1.6 billion retrospective tax bill charged to British oil explorer Cairn Energy hours before he arrived in the country seeking to improve business ties.

Cairn Energy plc says fully tax compliant

Last Updated: Friday, January 31, 2014, 14:02

Facing a potential tax demand on an alleged Rs 24,500 crore of capital gains it made on transferring India assets to a new company, Scottish explorer Cairn Energy plc Friday said it was fully compliant with the tax legislation in force when it operated in the country.