Cairn Energy withdraws all litigations in retrospective tax case

Cairn Energy “has entered into the final stage in its undertakings with the Government of India by withdrawing Indian and global appellate and enforcement proceedings,” the company said in a notice published in a newspaper on Wednesday. “This action is the final necessary step by the company under the rules of India’s Taxation (Amendment Act) 2021.”

from Energy-Industry-Economic Times https://ift.tt/3eRM7Rn