2024 (5) TMI 1633

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....or respondents-Revenue. P.C. : 1 Petitioner is impugning an order dated 23rd January 2024 passed by respondent no.1 under Section 127(2) of the Income Tax Act, 1961 (the Act) and an order dated 10th January 2024 by which petitioner's objections were rejected. 2 Petitioner was a Chief Financial Officer (CFO) of one Indofil Industries Limited (the said company). On 27th February 2021 a sear....

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....submitted that his instructions were the assessment of the said company has been completed and, therefore, there was no requirement to transfer petitioner's case to Delhi. Mr. Rattesar appearing for the Revenue, on instructions, states that the assessment of the said company has been completed. 4 Since the transfer was being effected only for coordinated investigations and meaningful assessment....