2011 (4) TMI 692

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..... sons - Such jurisdiction has to be exercised fairly and after complying with the principles of natural justice 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, .....

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..... ugned order is that the assessee was connected 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 poin .....

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..... ith the cases of the group of companies whose 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 purchas .....

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