Final hearing of India tax dispute in Aug 2018: Cairn Energy
(WorldNews India)

British oil explorer Cairn Energy said the final hearing in the international arbitration it has initiated against a retrospective tax demand raised by India, has been pushed back by about six months. British oil explorer Cairn Energy on Wednesday said final hearing in the international arbitration it has initiated against a Rs 10,247 crore retrospective tax demand raised by India, has been pushed back by about six months to August 2018. 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. `The...