https://www.taxtmi.com/caselaws?id=356437 Revision under section 263 was unsustainable where the Assessing Officer had already examined the assessee's STPI registration, the nature of its services, and the approval requirements before allowing deduction under section 10B. The Tribunal noted that the assessment was made after enquiry on the relevant facts and that the revisional authority was only substituting a different view on issues already considered. An order cannot be treated as erroneous merely because another view is possible, and incentive provisions are to be construed liberally. On the facts, STPI approval was sufficient, and the claim under section 10B could not be disturbed. en-us Wed, 28 Feb 2018 00:00:00 +0530 Tue, 06 Mar 2018 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356437 Revision under section 263 was unsustainable where the Assessing Officer had already examined the assessee's STPI registration, the nature of its services, and the approval requirements before allowing deduction under section 10B. The Tribunal noted that the assessment was made after enquiry on the relevant facts and that the revisional authority was only substituting a different view on issues already considered. An order cannot be treated as erroneous merely because another view is possible, and incentive provisions are to be construed liberally. On the facts, STPI approval was sufficient, and the claim under section 10B could not be disturbed. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356437