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Britain's Cairn Energy has dropped all lawsuits against the Indian government and its entities in courts from the US to France and to Singapore, to now be entitled for about Rs 7,900 crore refund of taxes that were collected to enforce a retrospective tax demand.
Britain's Cairn Energy has dropped all lawsuits against the Indian government and its entities in courts from the US to France and to Singapore, to now be entitled for about Rs 7,900 crore refund of taxes that were collected to enforce a retrospective tax demand.
Cairn withdraws all lawsuits against India; to get Rs 7,900 cr refund of taxes
Company to get Rs 7,900 crore tax refund
Meeting the requirements of a new legislation that scraps levy of retrospective taxation, the company has given required undertakings indemnifying the Indian govt