Cairn retro tax case: India to appeal against arbitral award
Government believes that Cairn had set up a tax-abusive structure and did not pay taxes anywhere in the world on the gains that it made in India; it was well within India's sovereign powers to redress the situation
Dipak Mondal | March 10, 2021 | Updated 19:54 IST
India is in the process of filing an appeal against international arbitration award in the Cairn's retrospective tax case, sources close to the development said. However, the sources said that government is not averse to going for a settlement of the tax disputes within the existing legal framework.