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Cairn tax dispute: I-T dept orders recovery of ₹ 10K cr

News and Press Release - Dated:- 19-6-2017 - New Delhi, Jun 19 (PTI) The Income Tax Department has ordered coercive action against Cairn Energy Plc to recover ₹ 10,247 crore of retrospective tax after the British oil firm lost a challenge to th .....

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efund due to it, a top source said. This follows an international arbitration panel last week deciding not to entertain a plea by Cairn Energy seeking injunction against the coercive action to recover the tax. The source said the tax department will .....

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dia Ltd (VIL) directing it to pay over any sums due to Cairn. Sums due to Cairn from VIL now total USD 104 million, including historical dividends of USD 53 million and a further dividend of USD 51 million after the merger of CIL and VIL, it said. Th .....

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