BREAKING NEWS
Suniel Shetty teases new project, says can’t wait to get back into ‘action’
Will push for full might of law against accused: BJP on Revanna case
JD(S) suspends Prajwal Revanna from party
Chilled beer sales rise in hot weather in Karnataka
This IPL is different, need to mentally accept challenge: KKR’s Varun Chakravarthy
Why has PM ignored plight of Marathwada’s farmers: Cong jabs Modi
Unwarranted, unsubstantiated imputations: MEA on Washington Post report on Pannun case
T20 World Cup: National selectors to meet in Ahmedabad today
RAW official was involved in assassination plot of Sikh separatist leader Pannun: Report
No CM can remain absent for long, it’s against national interest: Delhi HC on Kejriwal
UGC-NET postponed to June 18 to avoid clash with UPSC prelims
Heatwave threat: Orange alert issued for 17 districts in Karnataka
PCB finalises Lahore, Karachi, Rawalpindi as venues for Champions Trophy
Include 4 hrs of physical activity, 8 hrs sleep in routine for optimal health, suggests study
Chhattisgarh: 9 killed, 23 injured as goods vehicle collides with truck in Bemetara district
Cairn Energy wins arbitration against India in tax dispute
PTI, Dec 23, 2020, 11:51 AM IST
Credit: Getty Images
New Delhi: British explorer Cairn Energy Plc has won an arbitration against Indian government, seeking Rs 10,247 crore in retrospective taxes, sources said Wednesday.
This is the second blow to the government in three months. An international arbitration tribunal had in September ruled against India levying retrospective taxes on Vodafone Group.
Sources said an international arbitration tribunal ruled that India’s tax claim of Rs 10,247 crore past taxes over a 2006-07 internal reorganisation of Cairn’s India business was not a valid demand, sources said.
The tribunal has also asked India to pay the funds withheld along with the interest to the Scottish oil explorer for seizing dividend, tax refund and sale of shares to partly recover the dues.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Indian markets trade firm on global rally, fresh foreign fund inflows
Manufacturing licence of 10 Patanjali’s Divya Pharmacy products suspended
Stock market today: Asian shares mostly rise to start a week full of earnings, Fed meeting
Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
China lifts restrictions, gives all clear nod for Tesla cars as Musk lobbies hard in surprise visit to Beijing
MUST WATCH
Latest Additions
Suniel Shetty teases new project, says can’t wait to get back into ‘action’
Revanna Case: BJP vows to seek maximum penalty for accused
Will push for full might of law against accused: BJP on Revanna case
Caste still a major factor in selection of candidates in Gujarat: Political analysts
Delhi HC directs police to provide security to transgender candidate for election nomination