ITAT dismissed the appeal, holding that transfer of the file...

ITAT dismissed the appeal, holding that transfer of the file under s.127 to another AO within the same city did not obligate re-issuance of notice or a fresh hearing and that the successor AO validly assumed jurisdiction to reopen and frame assessment under s.147 without re-issuing notice under s.143(2). The reopening and addition for undeclared capital gains on sale of immovable property were sustained on available information and consistent treatment of co-owners; the assessee's belated factual plea for indexed cost of acquisition was not admitted for lack of evidence and undue delay. Result: appeal dismissed and assessment upheld.