India, no tax haven - Cairn Abel to go to High Court
FINANCE Minister Arun Jaitley told the CII yesterday, Legitimate taxes must be paid and should not be perceived as 'tax terrorism'; while pursuing tax-related cases, the fairness of the Government has been partly misunderstood; while India does not practice tax terrorism, it is not a tax haven either.
And yesterday Cairn India has filed a writ in the Delhi High Court against the Income Tax demand of over Rs. 21,000 Crores. Their plea is that they cannot be penalized for not expecting that the Government would bring in a retrospective tax.