Cairn Energy liable to pay Rs10,247 crore capital gains tax: Income Tax Tribunal

Cairn Energy does not have to pay interest as the demand was raised using retrospective tax legislation, says Income Tax Apellate Tribunal


The Income Tax  department had raised a total tax demand of Rs29,047 crore on Cairn Energy, including Rs18,800 crore in backdated interest. Photo: Bloomberg
The Income Tax department had raised a total tax demand of Rs29,047 crore on Cairn Energy, including Rs18,800 crore in backdated interest. Photo: Bloomberg

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