https://www.taxtmi.com/caselaws?id=261411 The court allowed the writ petition, quashing the order transferring jurisdiction for assessment proceedings under Section 127(2)(a) of the Income Tax Act, 1961. The court ruled that the reasons provided for the transfer lacked substantial evidence of a close nexus between the petitioner and the Narula Group of Companies (NGC), and did not justify the transfer. The court emphasized the necessity for reasons to have a direct nexus with the object sought to be achieved and not merely based on suspicion, referencing the Rajesh Mahajan case. en-us Wed, 08 Jul 2015 00:00:00 +0530 Sat, 11 Jul 2015 05:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261411 The court allowed the writ petition, quashing the order transferring jurisdiction for assessment proceedings under Section 127(2)(a) of the Income Tax Act, 1961. The court ruled that the reasons provided for the transfer lacked substantial evidence of a close nexus between the petitioner and the Narula Group of Companies (NGC), and did not justify the transfer. The court emphasized the necessity for reasons to have a direct nexus with the object sought to be achieved and not merely based on suspicion, referencing the Rajesh Mahajan case. Case-Laws Income Tax Wed, 08 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261411