Revisional jurisdiction under section 263 cannot be used to take a second view after proper assessment of a section 10A claim.

The Tribunal held that revisional jurisdiction under section 263 could not be invoked where the Assessing Officer had already examined the section 10A claim in the original assessment and the assessee had furnished the relevant material. It treated the revisional authority's action as a second view on an issue already considered, so the statutory preconditions for revision were not satisfied. The challenge to that order was found not to raise any substantial question of law, and the revisional order remained set aside.

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Issues: Whether the Income Tax Appellate Tribunal was justified in setting aside the revisional order under section 263 of the Income-tax Act, 1961, and whether any substantial question of law arose.

Analysis: The Tribunal had found that the Assessing Officer had already examined the claim under section 10A during the original assessment proceedings, that the relevant material had been furnished by the assessee, and that the revisional authority was effectively taking a second view on an issue already examined. On that basis, the Tribunal held that the preconditions for invoking revisional jurisdiction under section 263 were not met.

Conclusion: The challenge to the Tribunal's order did not give rise to any substantial question of law and the revisional order remained set aside.

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