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Cair India

Retro tax dispute: Cairn gives in writing to indemnify govt, withdraw cases to get Rs 7,900 crore tax refund

UK-based Cairn Energy PLC on Wednesday said it has agreed to drop litigations to seize Indian properties in countries ranging from France to the UK as it has accepted the Indian government's offer to settle tax dispute relating to the levy of taxes retrospectively. Meeting the requirements of new legislation that scraps levy of retrospective…
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