[feb]Cairn Arbitration award

Question 1

Timeline

Answer 1

• Cairn hi oil/gas chi british company ahe
• Ciarn ne cairn india hi separate company kadhli
• Bharatane IT act 1961 ammend kela -> ani ya internal reorganisation var retrospective (mhnje ammend 2012 madhe kela ani tax 2006 chya ya action var lavala) action var tax lavala->tax vasul karayala india ne cairn che shares pan vikle
• Vedanta,Vodafone,petronas etc. companies ni cairn India che shares ghetale
• Cairn ne International arbitration madhe appeal keli ki India-Britain Bilateral treaty chya under ha tax lavana chukicha ahe
• International arbitration ne cairn chya favor madhe result dila,bharat ha decision appeal karnare mhanun he news madhe ahe