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Last Modified: Sat, Mar 11 2017. 12 01 AM IST

Cairn Energy liable to pay Rs10,247 crore capital gains tax: Income Tax Tribunal

Cairn Energy does not have to pay interest as the demand was raised using retrospective tax legislation, says Income Tax Apellate Tribunal

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Gireesh Chandra PrasadRemya Nair
The Income Tax department had raised a total tax demand of Rs29,047 crore on Cairn Energy, including Rs18,800 crore in backdated interest. Photo: Bloomberg
The Income Tax department had raised a total tax demand of Rs29,047 crore on Cairn Energy, including Rs18,800 crore in backdated interest. Photo: Bloomberg
Gireesh Chandra PrasadRemya Nair

Topics: Cairn Energy tax demand Cairn India tax tribunal capital gains tax

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First Published: Fri, Mar 10 2017. 07 08 PM IST

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