Assessee charitable trust was granted approval under section 10(23C)(iv) A search was conducted on assessee pursuant to which a notice under section 153A was issued.  In pursuance of notice, assessee filed an settlement application under section 245C before Settlement Commission    which was   accepted. Based on  initiation of proceeding under section 245C before Settlement Commission,  DGI (Inv) issued a show cause notice  to assessee proposing for withdrawal of approval granted to it under section 10(23C)(iv).  He, further, proceeded to pass an order effecting withdrawal of approval under section 10(23C)(iv) of the Act.  The   assessee filed writ petition and contended that when issue regarding violation of conditions of section 10(23C) by assessee was pending before ITSC, DGI (Inv) had no jurisdiction to issue said show cause notice  in view of bar under section 245F(2). Settlement commission had completed proceedings and passed an order under section 245D in favour of assessee. Writ petition filed against  order of Settlement Commission was also set aside. Allowing the petition the Court held that   proceedings before Settlement Commission on which DGI(Inv) placed reliance to issue said show cause notice  did not exist on facts, impugned show cause notice  issued by DGI (Inv)  for withdrawal of approval under section 10(23C) and subsequent order passed withdrawing such approval under said section were unjustified and same were to be quashed.  When application under section 245C made by trust is allowed to be proceeded with Settlement Commission, then Settlement Commission   have exclusive jurisdiction to perform functions of Income-tax authority as provided under section 245F  of the Act. Accordingly the order of  DGI (Inv)  was quashed.  (AY. 2005-06 to 2011-12)