May reinvest in India if tax issue is resolved: Cairn Energy

British oil firm Cairn Energy, which gave India its biggest oil discovery, said it is ready to reinvest here if the retrospective tax issue it's facing is resolved. Income Tax Department had in 2014 made a ₹10,247-crore tax demand from Cairn over the 2006 internal business reorganisation of Cairn India. Cairn then initiated an international arbitration to challenge the taxation.