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of <h1>Supreme Court Halts Tax Assessment Proceedings, Issues Notice and Restrains Transfer Under Section 127(2)</h1> SC issued notice in tax assessment case, returnable 14.05.2025, with dasti service permitted. Court restrained transfer of income tax assessment ... Centralization of assessment in the case of various group entities - HELD THAT:- Issue notice, returnable on 14.05.2025. Dasti service, in addition, is permitted. Income Tax Assessment proceedings sought to be transferred from other places to Kolkata under Section 127(2) of the Income Tax Act, 1961 shall not be transferred till the next date of hearing so far as the present cases are concerned. The Supreme Court, through Hon'ble Justices J.B. Pardiwala and R. Mahadevan, issued an order upon hearing counsel for the petitioner. The Court: (1) 'Issue[d] notice, returnable on 14.05.2025'; (2) permitted 'Dasti service, in addition'; and (3) held that the 'Income Tax Assessment proceedings sought to be transferred... under Section 127(2) of the Income Tax Act, 1961 shall not be transferred till the next date of hearing so far as the present cases are concerned.' This restrains transfer of assessment proceedings pending further hearing.
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