CAIRN INDIA LTD. - Writ Petition Against Tax Demand

Cairn India Ltd has informed BSE that the Company has on April 06, 2015, filed a Writ Petition with the Honble Delhi High Court praying for quashing / setting aside the order passed by the Tax Authorities under Section 201 of the Income Tax Act, 1961.<BR><BR>As informed earlier, the Company had received an order from the Income Tax Department for an alleged failure to deduct withholding tax on alleged capital gains arising during 2006-07 in the hands of Cairn UK Holdings Limited (CUHL), the Company's erstwhile parent Company, a subsidiary of Cairn Energy Plc.<BR><BR>This was in respect of the transaction of CUHL transferring the shares of Cairn India Holdings Limited (CIHL) to Cairn India Limited as part of internal group reorganisation in 2006-07 to facilitate the IPO of Cairn India Limited.