Section 127 of ITA, 1961 : Section 127: Power To Transfer Cases
ITA, 1961
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Explanation using Example
Imagine Mr. Sharma, a businessman based in Mumbai, has been regularly filing his income tax returns with the local Assessing Officer (AO) in Mumbai. Due to a restructuring in the Income Tax Department, the Principal Commissioner of Income Tax (PCIT) in Mumbai decides that cases like Mr. Sharma's, which involve complex business transactions, should be handled by a specialized unit in Pune with expertise in such matters.
The PCIT invokes Section 127 of the Income Tax Act, 1961, and initiates the process of ...
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