Q.3) Examine the implications of retrospective taxation adopted by India by amending Section 9(1)(i) of the Income Tax Act. What should be India’s course of action in the Cairn Energy dispute? (10 Marks)

“Mentor’s Comments” https://indianexpress.com/article/opinion/columns/can-indian-invoke-state-sovereignty-to-prevent-seizure-of-assets-abroad-in-cairn-energy-case-7408514/ https://indianexpress.com/article/opinion/editorials/indian-government-cairn-energy-french-court-7397361/ https://www.hindustantimes.com/analysis/india-s-retrospective-taxation-blunder-is-still-extracting-heavy-costs/story-gg6EfPCj02UKZQdflcKhzK.html In the intro, mention the recent order of a French court to attach Indian assets in France. In the body, explain the purpose of retrospective taxation and its implications for investment prospects in India. In the suggestion mention making the law prospective and honouring the judgement of the ISDS as fighting … Continue reading Q.3) Examine the implications of retrospective taxation adopted by India by amending Section 9(1)(i) of the Income Tax Act. What should be India’s course of action in the Cairn Energy dispute? (10 Marks)