The Income Tax Department has ordered coercive action against Cairn Energy of UK, including taking away over Rs 2,000 crore dividend and tax refund, to recover part of the Rs 10,247 crore retrospective tax.
This follows British oil firm losing in an international arbitration tribunal its challenge against India’s I-T department taking coercive action to recover the tax dues. Read More…
Credit By: The Economic Times
Latest posts by The Economic Times (see all)
- Centre Rejigs PPA, Takes The Wind Out Of State Discom Bullies – August 17, 2017
- IGL Expects Rs 150 Crore Annual Revenue From Gurgaon City Gas Services – August 15, 2017
- Nitin Gadkari Launches Several Highway Projects To Decongest NCR – August 15, 2017