Section 127 Income Tax Case Transfer for Effective Investigation is valid: Telangana HC

Akshara Enterprises Private Limited Vs PCIT (Telangana High Court) The Telangana High Court dismissed the writ petition challenging an order passed under Section 127 of the Income Tax Act, 1961, transferring the petitioner’s assessment proceedings from Hyderabad to Mumbai, along with a consequential notice issued under Section 142(1) of the Act. The petitioner, a private limited company engaged in Information Technology and Information Technology Enabled Services, contended that the transfer order was without jurisdiction, arbitrary, lacking reasons, and violative of principles of natura...