INDUSLAW | CAIRN ENERGY LOSES RETROSPECTIVE TAX CASE BEFORE INDIAN APPELLATE TRIBUNAL

Published On: 01/04/2017

Practice Area: Energy, Infrastructure & Natural Resources, Dispute Resolution

Authors:

Ran Chakrabarti

Prashant Sreenivasan

Cairn Energy recently lost its appeal before an Indian tax appellate tribunal in relation to the charging of retrospective capital gains tax. We analyse the implications of the ruling and the risks arising for foreign investors restructuring their Indian operations.

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CAIRN ENERGY LOSES RETROSPECTIVE TAX CASE BEFORE INDIAN APPELLATE TRIBUNAL