Indian Income Tax Department’s Rs 20,000 crore demand disrupts Cairn merger
The Indian Income Tax Department (ITD) has decided to pursue a Rs 20,495 crore ($3.2 billion) tax case against Cairn India, jeopardising the company’s proposed reverse merger with parent company Vedanta, the Central Board of Direct Taxes (CBDT) has confirmed.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: