https://www.taxtmi.com/caselaws?id=771026 ITAT Raipur dismissed appellant's claim for transfer expenses deduction under Capital Gains, finding the cancellation charges between group entities lacked genuineness. The agreements were unregistered, involved only ledger adjustments without actual payments, and constituted self-made evidence for tax evasion through colourable device. However, the assessment order u/s 143(3) was quashed due to jurisdictional defect - the case was transferred from DCIT-2(1) to DCIT-1(1) without mandatory order u/s 127, invalidating the assessing officer's jurisdiction to frame the assessment. en-us Fri, 28 Feb 2025 00:00:00 +0530 Tue, 20 May 2025 08:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771026 ITAT Raipur dismissed appellant's claim for transfer expenses deduction under Capital Gains, finding the cancellation charges between group entities lacked genuineness. The agreements were unregistered, involved only ledger adjustments without actual payments, and constituted self-made evidence for tax evasion through colourable device. However, the assessment order u/s 143(3) was quashed due to jurisdictional defect - the case was transferred from DCIT-2(1) to DCIT-1(1) without mandatory order u/s 127, invalidating the assessing officer's jurisdiction to frame the assessment. Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771026