https://www.taxtmi.com/circulars?id=10040 Transfer under section 127 requires that Commissioners provide the Board with precise reasons and prima facie factual information justifying reassignment, including grounds such as wealth beyond known sources, inflated purchases, suppressed sales or unaccounted assets, and that objections by the assessee, if overruled, be recorded on file; these procedural requirements take effect immediately. en-us Fri, 15 Jun 1973 00:00:00 +0530 Mon, 13 Jun 2011 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10040 Transfer under section 127 requires that Commissioners provide the Board with precise reasons and prima facie factual information justifying reassignment, including grounds such as wealth beyond known sources, inflated purchases, suppressed sales or unaccounted assets, and that objections by the assessee, if overruled, be recorded on file; these procedural requirements take effect immediately. Circulars Income Tax Fri, 15 Jun 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10040