Assessment Quashed as Jurisdiction Was Transferred Without Mandatory Hearing: ITAT Delhi

Glen Appliances Private Limited Vs ACIT (ITAT Delhi) The ITAT Delhi quashed the assessment proceedings after holding that the transfer of jurisdiction under Section 127(2) was invalid because the Principal Commissioner of Income Tax transferred the case from Faridabad to Delhi without providing the assessee a reasonable opportunity of being heard, a mandatory requirement under the Act. The Tribunal observed that notices under Section 143(2) were subsequently issued by Delhi-based officers who lacked valid jurisdiction due to the defective transfer order. Further, the transfer order and corrige...