AdvertisementCairn India Ltd. Vs Deputy Director of Income Tax-I (Madras High Court) The Madras High Court considered a writ petition challenging the notice issued under Section 148 of the Income-tax Act dated 29.03.2012 and the consequential order dated 05.03.2013 rejecting the assessee’s objections to the reopening of assessment for AY 2007-08. The petitioner, engaged in the exploration and production of oil and gas in India, had filed its return claiming deductions, and the assessment had originally been completed under Section 143(3) after scrutiny, including transfer pricing proceedings. The assessm...