{"id":455845,"date":"2021-12-14T10:01:21","date_gmt":"2021-12-14T04:31:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=455845"},"modified":"2021-12-14T10:10:51","modified_gmt":"2021-12-14T04:40:51","slug":"vedanta-drops-cases-against-govt-to-settle-retro-tax-dispute","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-drops-cases-against-govt-to-settle-retro-tax-dispute\/","title":{"rendered":"Vedanta drops cases against govt to settle retro tax dispute"},"content":{"rendered":"<p>Billionaire Anil Agarwal\u2019s mining group Vedanta on Monday said it has withdrawn cases in the Delhi High Court as well as before an international arbitration tribunal to settle a Rs 20,495 crore retrospective tax dispute with the government.<\/p>\n<p>Post slapping of a Rs 10,247 crore tax demand on UK\u2019s Cairn Energy Plc for alleged capital gains made on a 2016 internal reorganisation prior to the listing of its India business, the Income Tax Department had sought Rs 20,495 crore in taxes (including penalty) from Cairn India for failing to deduct tax on capital gains made by its British parent.<\/p>\n<p>Cairn India was in 2011 bought by Agarwal\u2019s group and subsequently, the firm was merged with Vedanta Ltd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Anil Agarwal\u2019s mining group Vedanta on Monday said it has withdrawn cases in the Delhi High Court as well as before an international arbitration tribunal to settle a Rs 20,495 crore retrospective tax dispute with the government. Post slapping of a Rs 10,247 crore tax demand on UK\u2019s Cairn Energy Plc for alleged capital gains made on a 2016 internal reorganisation prior to the listing of its India business, the Income Tax Department had sought Rs 20,495 crore in taxes (including penalty) from Cairn India for failing to deduct tax on capital gains made by its British parent. Cairn [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-455845","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/455845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=455845"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/455845\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=455845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=455845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=455845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}