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Vedanta Withdraws All Petitions Against Tax Dept to Settle Retrospective Tax Demand

The revenue department had raised a tax demand on Cairn UK Holdings for alleged capital gains it made in a 2006 business reorganisation of its Indian entity, Cairn Energy Plc, and Vedanta, which had acquired Cairn India from its parent company in 2011.

Source Here: economictimes.indiatimes.com

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