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The ITAT quashed the revisionary exercise by the Pr. CIT under s. 263, holding the Pr. CIT lacked jurisdiction to revise the assessment in respect of the assessee's claim for deduction under s. 80G relating to contributions from CSR funds. The Tribunal found the Assessing Officer had, in fact, examined the s. 80G claim by issuing a questionnaire and receiving detailed replies, and noted consistent tribunal precedents favoring the assessee's entitlement. Consequently the reassessment/ revision was set aside and the appeal filed by the assessee was allowed, confirming the allowability of the s. 80G deduction in the assessment under challenge.