Govt seeks â¹30,000 crore penalty from Cairn for tax delay
The I-T department has slapped a fresh notice on UK-based Cairn Energy, seeking up to â¹30,700 crore in penalties for its alleged failure to pay â¹10,247 crore capital gains tax on time. The department has asked the company as to why penalty should not be levied. Officials said Cairn Energy has sought 10 more days to reply to the notice.