Assessment Quashed as Section 127 Transfer Made by Non-Jurisdictional PCIT

Kunshan Q Tech Microelectronics (India) Pvt. Ltd. Vs DCIT (ITAT Delhi) ITAT Delhi Quashes High-Pitched TP Assessment; Invalid Section 127 Transfer by Non-Jurisdictional PCIT Vitiates Entire Proceedings The Delhi Bench of the ITAT quashed the entire assessment for AY 2021-22 framed u/s 143(3) r.w.s. 144C(13) in the case of Kunshan Q Tech Microelectronics (India) Pvt. Ltd., holding that the very assumption of jurisdiction was void ab initio. The Tribunal admitted and allowed an additional legal ground challenging the validity of the order u/s 127 dated 27.05.2022, by which the case was transferr...