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India refunds Rs 7,900 cr to Cairn to settle retro tax dispute

The government initially refused to honour the award but in August 2021 brought a law to scrap all retrospective tax demands and refund money collected but without any interest or penalty

Topics
Cairn Oil & Gas | Cairn India | Cairn Energy

Press Trust of India  |  New Delhi 



cairn, oil and gas

The Indian government has paid Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax demand, ending a seven-year-old dispute that had tarred the country's image as an investment destination.

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First Published: Thu, February 24 2022. 18:27 IST

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