Madras HC Upholds Income Tax File Transfer to Kolkata Central Circle

Arise Investments and Capital Private Limited Vs PCIT (Madras High Court) Madras High Court has dismissed a writ petition filed by Arise Investments and Capital Private Limited, upholding the Income Tax Department’s decision to transfer the company’s assessment file from Coimbatore to the Central Circle in Kolkata. The transfer, ordered under Section 127 of the Income Tax Act, 1961, was aimed at centralizing the petitioner’s case for “effective and co-ordinated investigation” following a search and seizure operation. Arise Investments, based in Coimbatore, challen...