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2013 (6) TMI 252 - HC - Income TaxTransfer of case - section 127(2) - held that:- the petitioners had made investment by way of share capital and unsecured loans with the Brahmaputra group of companies whose cases are being investigated and are related to the Commonwealth games. In view of the nexus of the petitioners with the said company, for co-ordinated and effective investigation centralization of assessment was necessary. Undoubtedly, transfer of assessment may cause inconvenience and monetary loss to the assessee and the power to transfer is not mere administrative power but quasi-judicial powers as observed in the judgments relied upon on behalf of the petitioners but in public interest such transfer is statutorily permissible with the object of co-ordinated and effective investigation. It is not necessary that in the show-cause notice or in the order of transfer any deficiencies in the assessment of the assessee are to be pointed out. The grounds for transfer should have nexus with the object of co-ordinated and effective investigation calling for centralization of assessment. Once such grounds exist, there is no ground to interfere with the transfer. It cannot be held that the ground for transfer is non-existent or mala fide. There is material showing investment of the petitioners with the Brahmaputra group of companies in whose cases investigation is being carried out at New Delhi. - Decided against the assessee.
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