Retrospective tax

The tax department had in 2014 used a two-year-old retrospective tax law to raise a Rs 10,247 crore demand on alleged capital gains made by Cairn Energy on a decade-old internal reorganisation of its India business. Photo: Bloomberg

I-T department sells more Cairn Energy shares to recover retro tax

2 min read . 11 Sep 2018

In January 2014, the income tax department raised a Rs 10,247 crore demand on alleged capital gains made by Cairn Energy on the reorganisation of its India business. Photo: Bloomberg

Final hearing in Cairn arbitration against retro tax begins today

2 min read . 20 Aug 2018

The Vodafone tax case, involving retrospective taxation of Rs22,100 crore, pertains to its acquisition of Hutchison Whampoa in 2007. Photo: Hemant Mishra/Mint

India may not accept arbitration orders on Cairn, Vodafone tax cases

2 min read . 22 May 2018

A CBDT spokesperson says Cairn Energy’s shares in Vedanta have been attached. Photo: Bloomberg

I-T dept seizes Rs440 crore dividend income of Cairn Energy

2 min read . 15 Apr 2018

Cairn had initiated an international arbitration after Indian government in 2014 used a two-year old law to raise a Rs10,247 crore demand on a decade old internal reorganisation of the company’s unit in the country.

Final hearing in Cairn Energy tax issue in August

3 min read . 13 Mar 2018

Cairn has taken the arbitration route against the Indian government, which used a new law giving it powers to impose taxes retrospectively for slapping a Rs10,247 crore demand on a decade old internal reorganisation of the company’s unit in the country. Photo: Pradeep Gaur/Mint

Final arbitration hearings on India tax demand in August: Cairn

2 min read . 23 Jan 2018

Vodafone Group Plc. invoked the first arbitration under the India-Netherlands BIPA through a notice of dispute of 17 April, 2012 and notice of arbitration of 17 April, 2014. The second arbitration under the India-UK BIPA was invoked on 24 January, 2017. Photo: Mint

Vodafone tax dispute: Govt calls invocation of second arbitration ‘flagrant’ abuse of law

1 min read . 19 Jan 2018

The 2012 amendment forces Vodafone to pay tax and penalty on its 2007 acquisition of a 67% stake in Hutch-Essar in India. Photo: Hemant Mishra/Mint

Vodafone: No challenge to validity of retrospective amendment to I-T Act

2 min read . 11 Jan 2018

The Vodafone tax dispute pertains to a Rs11,000 crore retrospective tax demand by India in relation to the Vodafone Group Plc’s $11 billion deal for acquiring a stake in Hutchinson Telecom, which held the group’s Indian assets. Photo: Reuters

Supreme Court to hear govt’s appeal in Vodafone tax dispute case today

1 min read . 12 Dec 2017

Cairn had sold a majority stake in Cairn India to the Vedanta group in 2011, but continued to hold a minority 9.8% interest. Cairn India has since merged with Vedanta Ltd.

India not to sell Cairn Energy shares to recover tax

2 min read . 19 Nov 2017

The retrospective tax case pertains to Vodafone’s $11 billion acquisition of 67% stake in the mobile phone business owned by Hutchison Whampoa in 2007. Photo: Mint

Trial in Rs22,100 crore Vodafone India tax dispute to begin in February 2019

2 min read . 14 Nov 2017

Cairn initiated arbitration against the government using a new law that gave it powers to impose taxes retrospectively. Photo: Reuters

Cairn Energy says final hearing of India tax dispute pushed to August 2018

3 min read . 20 Sep 2017

In the Vodafone BIT dispute, the arbitrator nominated by India recused himself after accepting appointment, and another arbitrator had to be nominated. Photo: Bloomberg

Needed: a BIT dispute management strategy

4 min read . 12 Sep 2017

Vodafone, which is merging its India unit with rival Idea Cellular Ltd, is one step away from leaving the country. Still, as the tax demand on Hutchison shows, India’s willingness to cut off its nose to spite its face is still intact. Photo: Priyanka Parashar/Mint

India sending CK Hutchison a $5 billion tax bill is so retro

2 min read . 29 Aug 2017

C.K. Hutchison had in February received a tax demand of Rs7,900 crore plus aggregate interest of Rs16,430 crore with regard to the Vodafone deal struck in 2007. Photo: Bloomberg

India pursues Hutchison over 2007 Vodafone deal

2 min read . 30 Aug 2017

On 26 June 2006, Cairn first created Cairn UK Holding Ltd (CUHL) and transferred the Indian assets to it. Photo: Reuters

Cairn Energy taxed Rs10,247 crore for creating subsidiary maze in India

3 min read . 26 Jun 2017

The government says Cairn Energy made capital gains of Rs24,503.5 crore in the 2006 recast and has demanded Cairn pay retrospective tax of Rs10,247 crore. Photo: Reuters

Income tax department moves to seize Cairn Energy’s dues

2 min read . 20 Jun 2017

Cairn India is the erstwhile subsidiary of Cairn Energy which it sold to Vedanta in 2011. Photo: Bloomberg

Cairn moves international arbitration panel against dividend freeze

3 min read . 11 Jun 2017

The move came after Income Tax Appellate Tribunal (ITAT) upheld levy of retrospective tax on 2006 transfer of shares by the UK firm to a newly created Indian unit Cairn India. Photo: Pradeep Gaur/Mint

Cairn Energy approaches international panel for injunction against tax dept

2 min read . 08 Jun 2017

Cairn Energy sold majority stake in Cairn India to Vedanta Group in 2011 but retained 9.8% stake which the tax department had barred it from selling. Photo: Reuters

Cairn Energy accuses finance ministry official of ordering dividend freeze

3 min read . 01 May 2017

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