https://www.taxtmi.com/caselaws?id=390357 The court stayed the transfer order issued by the Principal Commissioner of Income Tax-IV, Kolkata, due to the lack of specific reasons provided for transferring jurisdiction under section 127 of the Income Tax Act. The court emphasized the necessity for detailed justifications beyond general reasons like coordinated investigation and assessment. Additionally, the court highlighted the absence of a specific link between the petitioner company and the company under search, leading to concerns about the validity of the transfer. The respondents were directed to submit an affidavit in opposition, and further proceedings were stayed pending a detailed examination. en-us Fri, 20 Dec 2019 00:00:00 +0530 Mon, 30 Dec 2019 14:11:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390357 The court stayed the transfer order issued by the Principal Commissioner of Income Tax-IV, Kolkata, due to the lack of specific reasons provided for transferring jurisdiction under section 127 of the Income Tax Act. The court emphasized the necessity for detailed justifications beyond general reasons like coordinated investigation and assessment. Additionally, the court highlighted the absence of a specific link between the petitioner company and the company under search, leading to concerns about the validity of the transfer. The respondents were directed to submit an affidavit in opposition, and further proceedings were stayed pending a detailed examination. Case-Laws Income Tax Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390357