Allowing the petition the Court held that the Principal Commissioner had only stated in his order that he was of the opinion that the objections raised by the assessee could not be the basis for not centralising the case and the materials which were seized and impounded needed to be further investigated. The notice issued to the assessee stated some reasons. But at the same time, when such reasons were opposed and a reply was filed by the assessee objecting to the transfer, the Principal Commissioner had to necessarily record his reasons with certain facts and circumstances warranting the transfer and to justify that centralised or co-ordinated investigation was required. The order of transfer was not valid.