No Section 127 Transfer, No Jurisdiction: ITAT Quashes Delhi Assessment and TP Adjustment

Xavient Information Systems (India) Pvt. Ltd Vs DCIT (ITAT Delhi) No Section 127 Transfer, No Jurisdiction: ITAT Quashes Delhi Assessment and TP Adjustment The Delhi ITAT allowed the appeal of Xavient Information Systems (India) Pvt. Ltd., holding that the assessment order passed by the Delhi Assessing Officer was without jurisdiction since the assessee’s case continued to fall under the jurisdiction of the Mumbai Assessing Officer and no valid transfer order under section 127 had ever been passed. The assessee had filed its return for AY 2010-11 declaring income of about ₹51.58 lakh. ...