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of <h1>Delhi High Court Upholds Tax Assessment Transfer for Coordinated Investigation u/s 127; Dismisses Assessee's Objections.</h1> The Delhi High Court upheld the transfer of assessment proceedings under Section 127 of the Income Tax Act, 1961, emphasizing that such transfers are permissible for coordinated investigation and administrative convenience. The court found that the Revenue authorities had adhered to principles of natural justice by providing a hearing and considering objections from the assessees. The assessees' argument of non-relation to searched individuals was dismissed due to evidence of transactions involving unsecured loans. The court concluded that the transfer orders were neither arbitrary nor mala fide, thus dismissing the petitions challenging them.
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