Cairn Energy gets Rs 10,000 crore notice from Income-Tax Department

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ITAT in its March 9 order held that Cairn Energy was liable to pay tax on the 2006 transfer of India assets to newly created Cairn India, prior to its listing. It, however, held that interest cannot be charged on it as the demand was raised using retrospective tax legislation.

April 28, 2017 at 11:44PM

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