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2014 (1) TMI 659 - HC - Income TaxCentralization of search cases - Powers u/s 127(2) - Held that:- The petitioner Company had fully understood the object and purpose of centralizing the cases at Varanasi - It could not place sufficient facts and material, which were relevant for the purpose of supporting the objection - The Company is carrying its entire business activity at Varanasi - Apart from Didwania brothers, the Company has two other directors who have not disclosed their connection with Didwania brothers - They hold one-third share in the Company and that one of the directors Sri Atul Kumar Didwania surrendered Rs.60 lacs and another Rs.15 lacs during search - In the circumstances in the interest of revenue, it was found necessary to centralize the petitioner assessment at Varanasi – Decided against petitioner.
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