AO must record Requisite satisfaction of person searched to assume jurisdiction u/s 158BD

We set aside the order of the learned CIT(A) and restore the entire matter back to his file for fresh decision. He should first decide the technical aspect as to whether requisite satisfaction was recorded by the AO of searched person or not in order to decide as to whether the AO has properly assumed jurisdictional under Section 158BD of the Act or not. If it is found that the AO has not assumed proper jurisdiction under Section 158BD of the Act, then the assessment order deserves to be quashed, and in case, it is found that proper satisfaction was record

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