Nissan settles dispute with Tamil Nadu over unpaid dues, damages; begins process to withdraw international arbitration: Report
The dispute arose after Nissan said Tamil Nadu hadn’t paid certain incentives under a 2008 agreement to set up a car plant in the southern state.
Vodafone Idea presses for Rs 7,000 cr tax refund; Income Tax Department hesitant in view of fresh liability
Sources said Vodafone has to receive an aggregate of about Rs 1,000 crore from Mumbai unit of the Income Tax department and another Rs 6,000 crore from its Delhi office for multiple assessment years dating back to 2004-05
Arbitration Tribunal delays Rs 10,247 cr award in Cairn retro tax case to mid-2020; no reasons given for delay
Cairn said it is seeking full restitution for losses totalling more than $1.4 billion resulting from government expropriation of its investments in India in 2014.
Coca-Cola said Chaturvedi, who joined the company in 2012 as National Head - Human Resources as part of HCCB, has risen through the ranks within the compnay
Final hearing in British oil firm Cairn's arbitration against retro tax of Rs 10,247 crore to begin today
India in April submitted its final rejoinder to Cairn's claim for full restitution for losses resulting from the expropriation of its investments in India in 2014 and continued attempts to enforce retrospective tax measures.
I-T Department sells part of Cairn shares in Vedanta to recover part of Rs 10,247 cr retrospective tax
The income tax department has sold roughly 40 percent of Cairn Energy plc's shareholding in Vedanta to recover a part of the Rs 10,247 crore retrospective tax it had raised against the British firm
Apple acknowledges swelling of iPhone 8 and iPhone 8 Plus and says that they are looking into the problem
iPhone 8 and 8 Plus went on sale on 22 September. Apple was yet to release figures for the early sales of iPhone 8 and 8 Plus.
Cairn initiated arbitration against the government using a new law that gave it powers to impose taxes retrospectively, to slap a tax demand of Rs 10,247 crore on a decade old internal reorganisation of its India unit
Cairn's case is that none of the 2006 transactions was taxable in India according to the law in force at the time,
I-T order 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 Income Tax Act provides for penalties of 100 percent to 300 percent of the tax due, the official said, adding that the notice sent does not mention of the quantum of penalties the tax department is seeking.
ITAT held that Cairn Energy was liable to pay the tax on share transfer it did through an internal reorganisation of its India business in 2006, prior to getting Cairn India listed on stock exchanges
Britain's minister for international trade Liam Fox, during his bilateral meeting with Commerce and Industry Minister Nirmala Siatharaman, flagged the Cairn Energy and Vodafone issues, demanding they be resolved expeditiously.
Government has sought putting on hold the arbitration initiated by British oil explorer Cairn Energy against a Rs 29,047 crore retrospective tax demand and instead wants a parallel arbitration initiated by Vedanta Resources to be taken up first.
Cairn has initiated an international arbitration seeking $5.6 billion in compensation from the Indian government in case the retrospective tax demand of Rs 29,047 crore is not quashed
Government has fixed December 31, 2016 as the deadline for companies like Vodafone and Cairn Energy Plc to settle their retrospective tax disputes. The one-time offer to settle tax issues by waiving of interest and penalty, if the companies paid up the principal tax amount, had opened on June 1 this year.
Two senior executives of HSBC were accused of doing front-running by cheating the client Cairn Energy that was selling part-stake in an Indian subsidiary
It sought $1.05 billion in compensation for the loss of value its 9.8 percent shareholding in its erstwhile subsidiary Cairn India suffered following Income Tax Department raising the tax demand in January 2014 and attaching the shares
The Income Tax Department has slapped on UK's Cairn Energy plc a tax demand notice of over Rs 29,000 crore, including Rs 18,800 crore in back dated interest.
Asked if the government is considering out-of-court settlement for Vodafone, CBDT chairperson Anita Kapur said, the government is always in the favour of reducing litigation.