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$1.2-bn arbitration award: Cairn, govt discuss long-term capital gains tax

Company will invest in India, but looking for 'acceptable solution' to tax dispute

Topics
Cairn Oil & Gas | Cairn tax dispute | Cairn India

Dilasha Seth & Jyoti Mukul  |  New Delhi 



cairn, oil and gas
The government is likely to go ahead and appeal against the arbitration award by a Permanent Court of Arbitration at The Hague before March 21, indicated finance ministry officials

During a series of hectic talks between Cairn Energy and the Indian government over the $1.2-billion award in favour of the former last week, a slew of options was proposed by the two sides, including computation of capital gains and participation in the Vivad se Vishwas (VsV) dispute resolution scheme.

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First Published: Mon, February 22 2021. 00:50 IST

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