Powers u/s 127 of Income Tax can be invoked for Public Interest, Administrative Convenience and Meaningful Assessment: Delhi HC [Read Order]

Powers of Section 127 of the Income Tax Act can be invoked for public interest and administrative convenience and meaningful assessment
Powers - Income Tax - invoked - Public Interest - Administrative Convenience - Meaningful Assessment - Delhi HC - taxscan

The Delhi High Court clarified that powers under Section 127 of the Income Tax Act, 1961, can be invoked for public interest, administrative convenience, and meaningful assessment. The present writ petitions, at the instance of the assessee, Dollar Gulati sought to assail the impugned orders passed under Section 127 of the Income Tax Act, 1961,…

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