Cairn Energy wins arbitration against India for retrospective tax dispute of Rs 10,247 crore

Date23 December 2020
AuthorSNS Web
Published date23 December 2020
This is the second blow to the government in three months. The Permanent Court of Arbitration at The Hague 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...

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