HC upholds SetCom order as AO didn't set grounds for further enquiry & investigation

IT: Where revenue challenged impugned order passed by Settlement Commission under section 245D(2C) on ground that same was passed without passing an order under section 245D(3) requiring a further enquiry into certain transactions of assessee, since department had not set out any grounds and reasons why in facts of case, such enquiry or investigation as envisaged under section 245D(3) was necessary, impugned order passed under section 245D(2C) was justified

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