TMI Blog2011 (4) TMI 692X X X X Extracts X X X X X X X X Extracts X X X X ..... tice by giving hearing and recording reasons - Once bonafide opinion is formed on the basis of valid reasons, order of transfer is not liable to be interfered with - Held that : the petitioner had dealings with the group of companies not only as a lawyer but also in dealing with the property, having financial implications - The adequacy of reasons or the fact that the different remedy could be ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d to the group of Ashok Soloman and Chintels Group of companies where search seizure had been carried on 26.3.2010. It was considered necessary for coordinated post search investigation and proper framing of assessment that the case of the petitioner should be transferred to Delhi. Opportunity of being heard was given to the assessee and his view point was taken into account. The assessee was a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e investigation was being done. 4. We have heard learned counsel for the parties. 5. Learned counsel for the petitioner submits that the reasons given for exercising jurisdiction to transfer of assessment are not germane. There is no material to show any financial nexus between the petitioner and the searched companies. Solitary transaction of purchase of land stood disclosed by the petition ..... X X X X Extracts X X X X X X X X Extracts X X X X
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