1989 (5) TMI 25

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....f transfer passed under section 126 of the Income-tax Act suffers from any error of law. The petitioner is a private limited company. It is registered under the Companies Act. Its head office is situated at 8/7, Industrial Area Site No. 4, Sahibabad, Ghaziabad. During the investigation of the account books of Goel Gases (P.) Ltd., 136-M, Connaught Place, New Delhi, a number of correspondence be....

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....d it is claimed that it is in violation of the provisions of section 126. It is claimed that since the notice did not disclose any material for co-ordinated investigation, it was contrary to the provisions of law and settled decisions given by the Hon'ble Supreme Court and various High Courts. Reliance has been placed on Nasir Ahmed v. Assistant-Custodian General, Evacuee Property, AIR 1980 SC 115....

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....ing reasons. As regards Sagarmal Spinning and Weaving Mills Ltd. v. CBD T [1972] 83 ITR 130 (MP), the High Court did observe that facility of investigation would not be a sufficient reason for transfer of a case and would not be in compliance with the requirements of section 127, but it made it clear that the order of transfer was being quashed because, "it did not give any reason for the transfer....