Cairn Uk

The market regulator had asked Vedanta India, earlier known as Cairn India Ltd, to pay Cairn UK Holdings Limited (CUHL) Rs 77.62 crore plus a simple interest of 18 percent per annum, for delayed payment of dividend

Cairn UK dividend case: SC grants SEBI six more months to conduct enquiry

In October 2022, the apex court granted six months' time to SEBI to complete the enquiry into the issue and ordered that the observations by the Securities Appellate Tribunal (SAT) in the case, will not influence the enquiry.

I-T Appellate asks Cairn UK to pay Rs 10K cr capital gains tax

The Income Tax Appellate has confirmed Rs 10,000 crore gap gains tax on Cairn UK. This refers to the transaction before Cairn‘s IPO where Cairn Energy transferred its holding in Cairn India from Cairn India Holdings to Cairn India.

I-T dept to defend Rs 20,495 crore tax claim on Cairn India

"This has gone to Court process. We have a provisional attachment order. We will ensure that we remain secure, whatever position changes we will ensure our security. We are certainly keeping watch on it," CBDT Chairperson Anita Kapur told reporters here.

The Tale Of Two Capital Gains Tax Rulings!

The first case settles the much vexed issue of capital gains tax rate applicability on non residents. The case involves Cairn UK and pertains to a transaction that took place in 2009.

Cairn UK to offload 8%-stake in Indian arm for $940 mn

CNBC-TV18's Nimesh Shah reports that Cairn UK will sell 15.3 crore shares in Cairn India, worth USD 940 million, at Rs 317.90-328.30 per share

Tax setback for Cairn UK: AAR rules in favour of I-T dept

In a precedent setting judgement, the Authority for Advance Rulings (AAR) has set aside Cairn UK's plea to deduct 10% as withholding tax on the deal with Petronas.